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Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200

While Bitcoin is seeing a significant drop over the past seven days, down more than 5%, the major cryptocurrency is almost flat over the past 30 days at press time.


The fresh decline in the market is considered by some analysts to expose Bitcoin to a potential return to $7,400, as Cointelegraph reported today.


In contrast, other analysts suggested that Bitcoin’s recent trading into a falling wedge is typically a bullish pattern that has a success rate of breaking to the upside in around 68% of cases.


Last week, the CEO and co-founder of Distributed Lab claimed that Bitcoin price could “crash to zero” in the event of mass adoption by institutions. Read More...

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