Analyst: Break Below Bitcoin’s Current Support Could Spark Drop to $6,000

After a brief period of consolidation, Bitcoin has once again made another downwards movement that has led it below its previous support level at $8,000. This latest bout of downwards momentum has opened the gates for significantly further losses, assuming bulls don’t step up and propel BTC higher.
One prominent analyst is now noting that a failure for BTC to maintain above its last-ditch support level at $7,700 would likely lead to a sharp and swift drop into the $6,000 region.
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