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Bitcoin Falls to $6,768 – Here’s What Analysts Are Saying About BTC

The leading cryptocurrency is down 7.69% at time of publishing, breaking below key support at $7,000 to a six-month low of $6,768 on CoinMarketCap.


Outlooks on where BTC may head next are pouring in. Here’s a look at the latest from seven crypto analysts. So far, none of the analysts are saying Bitcoin has reached a bottom.


Josh Rager


“18% drop this week and currently trying to hang out to the $6,800s. Funding still positive, so not overly bearish at this point as $6300s would be an eventual target here, the only question is does it bounce back up to high $7ks before or after the next drop.”


Scott Melker


“Potential bullish divergence with oversold RSI on every time frame below 12 hours. Bottom likely close. I wanted to see it on daily, perfectly happy seeing it here. Not confirmed.”

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Bitcoin (BTC) is crashing, but what about near future?

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