BITCOIN NEARING STRONG SUPPORT

BTC has been trending downward for a couple of months. After reaching its all time high in December, it has slowly declined. Up to this point, BTC has had immense selling pressure, but this is starting to run out. We are nearing the support that comes from 5k and BTC bounced off every time since then. Unless sell pressure starts to sharply increase we should not be breaking that support anytime soon. Low leverage positions at ~6950 with stop losses should be adequate. If sell pressure continues and buy pressure does not overcome it, Bitcoin can go back to ~6,500.