Good Analysis buddy...

I have a little different analysis then the above as i believe in technicals work much better on a higher time frame charts unless planning to only day trade.....

I have jotted down in brief and simple what my opinion is and welcome all your feedback.

The 50 SMA had been a strong support for BTC as per the Orange circles drawn however from the moment it broke the 50 SMA it came all the way down to 100 SMA and finding support now out there. If this gets broken as per the green horizontal lines we may see BTC @ 8000 unless some really hyped news in between to drive it up comes out.