Trading levels of the last two days form support, however, sellers panic because of the efforts of professional traders and the price breaks them one by one. I am sure that this movement will stop at $ 11'600 (min $ 10'900) and then on a fresh head will return to the previous uptrend.
The bitcoin expands due to the constant influx of new assets and they tend to one conclusion, because the same educational process is running where formula one works: Infinity (meaning the dollar emission) divided by any integer (meaning the limited issue of bitcoin) will be equal to infinity: dollar / bitcoin = dollar.
Intuitively following the wave theory, spontaneous purchases will begin in the green oval. Impatient - before.