The whole market has been bearish for the past few days starting at a big price pullback which saw Bitcoin lose a big $1000 before the current balance. But still the market is still in the bearish momentum and analyst have been speaking about the prospects of the price.
A twitter crypto analyst Mayne has revealed an analysis that is not so much pleasing to the crypto community. He is a fair analyst and stays in the middle in his analysis, not being bullish or bearish.
His price analysis of the current trend is that Bitcoin may dip lower than it currently is. He advised not to buy the dip at the current price stating that this may not be the dip.
With the price maintaining the current bearish momentum and very shy of the $8,000 mark, there may just be another fall before the price retrace to a new ATH.