7500 is a very important support level for Bitcoin. Before the collaspe/downward trend of 2018, this level has been tested before and should have been noted in Nov 2017. However, since the advent of futures, the stock markets have taken hold of the levels of the crypto as it did with all and the fib levels are being met; as expected. An important resistance level at 8900 will be the deciding factor of the much anticipated correction toward 5 figures. Until then this area can be expected for a long position.