Bitcoin Posts Massive 10% Drop as Altcoins Consolidate; What Analysts are Saying

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Bitcoin has seen some immensely bearish price action throughout the past few days, with sellers gaining full control of its price action This has caused buyers to lose their grip over the market, being unable to spark any continued reversals It does appear that the selling pressure seen throughout the past few days may continue hampering its growth, as BTC is now at risk of breaking below a few key levels One analyst spoke about this in a recent tweet, explaining that it is nearing a key support level that may allow it to see a rebound However, an acceleration of this downtrend could invalidate this strength and potentially lead to significantly further downside in the coming days Bitcoin and the entire crypto market have seen some mixed price action as of late, with bulls being unable to take control of the benchmark cryptocurrency’s trend while many altcoins consolidate well-above…

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