Bitcoin Price Technical Analysis for 03/16/2018 – Support Break and Retest?

Bitcoin Price Key HighlightsBitcoin has fallen through support at $8000 and could be due for more losses if this serves as resistance moving forward.
Applying the Fib retracement tool shows the nearby resistance levels that could keep gains in check.
Technical indicators are also reflecting increased bearish pressure.Bitcoin price has fallen through the key $8000 level and is showing signs of a pullback to nearby correction levels.
Technical Indicators Signals
The 100 SMA is below the longer-ter