Looking at the 30m BTC chart, Bitcoin is looking very bearish. Yesterday's dump not only fell through our support line from February 8th, but we fell below the original downtrend line set from its all-time highs back in December. And if that were not bad enough, we formed a bear flag which continued into the price plummeting below to the $9300 support level. For the moment it is holding, but I don't think it will hold for long. If this support fails, hopefully we will hold the $9000 level. Otherwise we may be heading to the $8300 level.