Bitcoin Dips Below $11,000: Analysts Forecast 30% Drop to CME Futures Gap

After a short period of consolidation, Bitcoin (BTC) broke down and has dropped below the key support level of $11,000 that has previously been a strong region of buying pressure for the cryptocurrency.
Now, analysts are noting that the drop may continue on until Bitcoin fills its CME futures gap that currently exists in the low-$8,000 region, which may mean that embattled investors will face another 30% drop before the crypto reverses its downtrend and begins climbing higher.
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