Bitcoin Support Level May Spark Explosive Bull Movement, If It’s Defended

Bitcoin (BTC) has found itself caught firmly within a bearish downtrend over the past several weeks, which has led its price to plummet down to $7,000, with today’s drop marking a full retrace of the gains that were incurred in late-October.
Analysts are now noting that Bitcoin is currently trading at a key long-term technical support level, which has historically catalyzed massive movements when it is ardently defended by buyers.
Bitcoin Plummets Below $7,000 Amidst Sharp Overnight Sell-O