12-11-2017 06:00 via newsbtc.com

Bitcoin Price Weekly Analysis – BTC/USD Breaks Key Support

Key Points
Bitcoin price struggled to move above the $7770 level against the US Dollar and started a downside move.
There was a break below a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
The pair is now well below the $6500 level and remains in the bearish zone.
Bitcoin price struggled and moved below $6500 against the US Dollar. BTC/USD might continue to decline and it could even break $6000.
Bitcoin Price Turned Bearish?
It was yet a
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