Bitcoin might be testing new lows by going below $6,500 level, however, analysts like Tony Vays and Ran Neu-Ner believe it will even hit $4,975 and $5,900 respectively before any upward momentum could be expected. Bitcoin Bull, Tim Draper is still bullish and planning to buy even more bitcoins with no plans to sell them any time now.
BTC highly bearish, Tony Vays target $4,975 but
The worlds largest cryptocurrency by market capitalization, Bitcoin has fallen to its lowest since February. Today, Bitcoin dropped down to an extreme low of $6,433. However, it has again gained a slight upward shift and gone above $6,500 level at $6,510.
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https://coingape.com/bitcoin-price-drops-below-6500-experts-remains-bullish/I think the reason for the decline in bitcoin is because many of them panic and sell the bitcoin they have, and I think the bitcoin will go down further. And I think bitcoin will take a long time to increase again, we must have full patience for this situation.