Bitcoin Visits Critical Long-Term Trendline; Break Below Could Lead to Massive Losses

Bitcoin (BTC) has continued to consolidate around its key near-term support at $8,000 and both its bulls and bears have remained deadlocked as it fails to gain any decisive momentum in the time since its recent drop down to its current price levels.
Analysts are now noting that Bitcoin is currently trading at a key trendline that could significantly influence its near-term price action, with a break below it potentially leading to further losses.
Bitcoin Consolidates Around $8,000 as Bulls and B