Bitcoin (BTC) Price Weekly Forecast: Risk of Extended Drop To $8,880

There was a major drop in bitcoin price after it broke the $12,000 support against the US Dollar.
The price is currently holding the key $10,800 support area, but it remains at a risk of more losses.
There was a break below a key bullish trend line with support at $12,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could extend losses towards the $8,880 level if there is a successful break below $10,800.Bitcoin price is holding the key $10,800 support area against