Bitcoin price Trapped Below $8,500 as Bears call for a drop to $6k

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Around this time last week, the situation was looking increasingly dire for Bitcoin  and Buy bitcoin murmurs of a drop to $6,000 and even $3,000 began to circulate amongst traders. Even today there are still those that consider this a real possibility and perhaps it is. For the moment, Bitcoin appears to have stabilized and traders are hopeful that a strong move to $8,500 will occur over the coming days. Since the drop from $10,300, Bitcoin has been pinned in the $8,000 to $8,400 range with support at $8,000 and $7,850.  Read more
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