It looks clear to me that there are too many sellers in Bitcoin at the moment after all the rave and fan emerged around December 2017 when everyone and their mother started to jump into Bitcoin and the CME accepted Bit as a commodity.
Now, Bitcoin is back at its November 2017 support levels where the buying frenzy started to begin.
Projection: I project a range of $5600 USD to $12500 USD off of support levels from here within the next two weeks.