Analysts Eye Bigger Crash for Bitcoin at 5.8k: Factors for Further Fall

Bitcoin has continued to remain firmly in control of the its bears, as BTC has failed to garner and maintain any upwards momentum over the past several weeks, signaling that it may see significantly further downside in the near-term.
Analysts are now noting that a failure for it to maintain above its immediate support level could spark significantly further losses that could lead it as low as $5,800 in the near-term, which would mark a massive retrace from its recent highs of $10,600.
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