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Bitcoin Breaking Major Support - Support Becoming Resistance H4

BITFINEX:BTCUSD   Bitcoin / Dollar
Price broke major support and then re-tested from underneath and looks like it's being rejected, this is support becoming resistance as you can see here on the H4 chart:
snapshot



This was on the 16th, price was at a key level and could have bounced at 11k or broken under, the market has decided to go down.



The next major support area is the bottom of a trend-channel between 7-8k. Price has been respecting this channel and traded in it for almost all of 2017:
snapshot




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