After a brief period of consolidation, Bitcoin has once again made another downward move, bringing it below its previous support level at $8,000. This latest episode of downstream speed has opened the doors to new losses. It is believed that bulls are not moving further and increasing the BTC further.
A leading analyst now points out that the failure to maintain its last-minute support level for BTC at $7,700 will result in a sharp and steep decline in the $6,000 sector.
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