$7400 is an important level that we have to keep an eye on in case of a drop. If Price keeps dropping we have to hope for a double bottom at the Monthly Breaker Block in order to see a Bullish continuation.
This retracement "could" be healthy for BITCOIN but we don't know yet. I'm not sure if the Corona Virus is a positive news for BITCOIN or not.
For future any queries
Ask @luckys
