Bitcoin Risks Falling to $2,900 if Market is Heading for Long-Term Lower Low

Bitcoin logged its wildest week for the first time in seven years, plunging by more than 50 percent after a sell-off sparked by the worsening Coronavirus pandemic.
The benchmark cryptocurrency on Friday crashed from $8,187 to $3,858 with a matter of 30 minutes. A rebound ensued and took prices up to $5,995. Traders ignored putting bullish positions beyond $6,000, a psychological resistance, which caused a pullback of more than $500 on Saturday.
Failure to break above $6,000 had analysts make ser