#NewsBTC

Bitcoin On “Life Support” as Analysts Target Move to Sub-$7,000

Bitcoin (BTC) has plummeted into the $7,000 region today as bears continue working to erase all the gains that were incurred during the crypto’s meteoric rally in late-October, which may signal that significantly further downside is imminent for the embattled cryptocurrency.

Analysts are now noting that Bitcoin is “on life support” as it trades around a critical support level, and analysts are also noting that a lack of a decisive bounce at the cryptocurrency’s current price levels could mean that a move to sub-$7,000 is imminent.

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https://www.newsbtc.com/2019/11/21/bitcoin-on-life-support-as-analysts-target-move-to-sub-7000/amp/