After a brief period of upward momentum earlier this week that appeared to be a bullish attempt to boost Bitcoin price action, the bears once again won the lead and have now pushed the BTC price decisively below $ 8,000.
A leading technical analyst now points out that he believes this latest downward movement points to the possibility that a move towards the $ 6,000 region is imminent, which can be further validated by multiple bearish technical formations that crypto is currently expressing.
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