Bitcoin: A Drop Below $8000 Opens the Doors Toward $5000

Bitcoin: A Drop Below $8,000 Opens the Doors Toward $5,000

The round level at $8,000 is an important psychological support factor. We saw a strengthening of buys as Bitcoin approached this mark by the end of the Monday. However, Bitcoin’s position has been worsening since this morning. Almost immediately below this mark – around $7,900 – there is a 200-day simple moving average.