Bitcoin (BTC) Price Watch: Bulls on Defense After Breakdown

Bitcoin Price Key HighlightsBitcoin price broke below its short-term consolidation to drop to the longer-term triangle bottom.
A downside break from this area could lead to a drop to the lows around $5,800 or a continuation of the slide.
Bulls still seem to be defending this floor so another bounce could be due, perhaps leading to another breakout attempt.Bitcoin price tumbled below a short-term consolidation pattern but buyers are defending the floor to signal that a bounce is possible.
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