Bitcoin Could Dump to $5,000 If This Pattern Plays Out

The consolidation for the entire month of December has continued for Bitcoin as it holds above key support. If the next moves down are similar to the previous ones however it could soon be as low as $5,000 according to one analyst.
Bitcoin Consolidation Continues
For another day BTC has held above $7,000 as its sideways trading continues. A Christmas day dip to $7,120 was quickly recovered as the asset returned to top $7,200 where it currently trades according to Tradingview.com.
Bitcoin has rem