It is down around 25 % this week and it recently broke a couple of important support levels such as USD 10,000 and 9,000. (cryptonews.com)
The 50 - day moving average is a very important support level during a rally, as it is basically the line in the sand for the bulls. (morpheustrading.com)
Since we are near important support levels on all the major indices, we are keenly aware of the potential for a sharp move in either direction. (morpheustrading.com)