Hi guys!

I mentioned [yesterday](https://steemit.com/bitcoin/@devytan/bitcoin-btc-price-update-choppy-action-around-usd8-500) about another possible pullback and bitcoin is having quite a small pullback currently. So, here are my thoughts on bitcoin for today.

## BTC - Daily Chart
Tools used: **Fib Retracement**, **Stoch RSI** and **Trendlines**
![5ab85da576b91.png](https://steemitimages.com/DQmWVNergXWELq921PboxS7sWpiQ1mbUNpLyaU56eMDU6kg/5ab85da576b91.png)
Check out the stoch RSI starts going to the downside. If this sell off keeps going we might see bitcoin testing the support line around $8,000. This support line has been a strong support even prior to the bull run so this should be interesting to watch out for the next few days.

## BTC - Weekly Chart
Tools used: **Stoch RSI** and **Trendlines**
![5ab8604d4f2f0.png](https://steemitimages.com/DQmXwQmmf5Krc2HsK75NCLq57EPN9bFFDbis17EmDc1aPPY/5ab8604d4f2f0.png)
Here is the bigger picture. As long as this support line is holds, the bull trend is still intact. Otherwise if this trendline breaks we might see a sell off and bitcoin will probably go into a bear trend for a while. 

However note that the stoch RSI indicates that bitcoin is on the oversold territory so eventually bitcoin will rally to the upside. All we need now is confirmation and I will surely let you guys know when I see one.

## Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!