Macroeconomic Analyst Predicts Bitcoin Below $8,000

The bitcoin price could creep below the $8,000 level soon, according to Mati Greenspan of eToro.
The senior market analyst said in a tweet today that bitcoin is looking to test its 200-daily moving average, which reflects the benchmark cryptocurrency’s average closing price average over the previous 200 days. At the time his analogy, the 200-daily MA was coinciding with $7,785, as shown in the chart below.
Bitcoin price is looking to test its 200-daily MA | Image credits: Mati Greenspan
Gr