Once bitcoin drops below $8,000 it will be below its 200-day moving average, which will be a further technical breakdown on its chart. Once its below $6,000 its into new "lower lows" and so many people will be deeply in losses that the selling pressure will increase as panic sets in. (Closes below these levels and time sustained below them are what's needed, for this to be the case). https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/technical-analysis/IOSU6hIfr0e_ddd3b0bprg/hhCdbw5q7ESyO5lSgC-wFA

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