Analyst predicts a further fall in the price of bitcoin
Losing about two-thirds from their December values, the bitcoin price to break the support level at $5755, I am sure CoinDesk analyst Omkar Godbole.
The attempt of the bulls to gain a foothold in the Monday above $6480 proved futile. This gave fresh strength to the bears and as a result, the first cryptocurrency fell below the psychological level of $6,000 for the respective February low. After that, the price dropped closer to the June lows, referring to today, August 14, $5859.