Can Bitcoin Hold 7000?

Interesting developments today. We crashed up fast to 7400, and now we see a huge red candle on the 60 minute chart, crashing back down below that 7000 level.

HOLD
If we can hold this 7000 level, then I think we'll see higher prices to 8200, the next Fib level based on the September Bitcoin crash.


BREAK
If we break down below 7000, level then we might consolidate between 6000 and 7000 for a while.


I am still confident that until the 2x fork we will see very strong rallies because no one wants to sell and give up their free 2x coins.