Analyst: Bitcoin May Target $8,900 After Being Rejected at Key Resistance

Bitcoin has been incurring significant volatility over the past several days, which has mostly favored the cryptocurrency’s bulls as BTC has been able to run from lows of $7,300 to highs of $10,600 before settling in the middle of this wide trading range.
Analysts are now noting that they believe Bitcoin will drop lower in the near-term as bears build strength, which may mean that a movement to its previous range highs of $8,900 is imminent.
Bitcoin Moves Lower as Analysts Eye Further Loss