Bears have control

We've seen BTC fail to challenge the 12k resistance level and ran out of buyers. A drop was startling an immediate with a break of the 11.2. A rally found resistance at this level and the bears took control driving it down through the previous support levels of 10.8k.

I see the price moving to the .23 fib levels of 10.4 before recovering.

Short term bearish, but still a long term bull.