BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!
That's right, there is a lot of possibility about the whales are getting worried due to the CTFC news about that. It looks like the majority of people are seeing it as the main problem right now. I hope that we can see another jump again in the future, US is really strict to the cryptocurrency right now and that doesn't seem good.