Bitcoin is likely to find some support around $6,800

The price has been sliding fiercely ever since hitting $8,500 about a week ago.

Though we might finally be ready to bounce again.

Previous resistance was $6,800 and resistance becomes support once it breaks on the first retest.

We may only have a short term bounce before trending lower but we should have a bounce at least.

The volume is appearing to decline as well.

Usually at bottoms volumes will increase, so we if we get down to $6,800 we should look to see volume increase.