<h1>Bitcoin Towards Further Price Plunge Next Week, Analysts Target $6000</h1>
<span style="font-weight: 400">An earlier report indicated synchronized perfomance between Bitcoin and Ethereum. Meanwhile, while both have had their own share of good times - the ending week has proved such a hell to both coins. For the first after a period of six months, Bitcoin dipped below $7,000 and is likely to Further Price Plunge. </span>

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<h2><b>Bitcoin Hits 6 Month Low</b></h2>
<span style="font-weight: 400">Well, as the year drose to its end the 2019 <a href="https://www.cryptoknowmics.com/crypto/bitcoin-bulls-at-11k-market-responds-positive-to-crypto/">crypto rally</a> draws to an imminent close. Bitcoin has plunged further through several support levels this week. On the other hand, the bitcoins have been annihilated in the usual bearish  manner. On the downside, crypto market cap has declined by a whopping 16%. According to a prediction we shared of a looming downswing below the $200 billion; the week has proved anything is possible and the market cap is now performing  below the red line. Hence placing digital assets back into the drawing board of crypto winter. </span>

<span style="font-weight: 400">TradingView.com highlighted Bitcoin’s continued slide which seems as if it wont stop at the $7000 price. . Meanwhile, the support was smashed once again in an unfortunate crypto market crash that saw its sway below the $6,800 support. Denoting its lowest support perfomance since the break of Mid-May, when the bearish market was sitting atop the <a href="https://hackernoon.com/five-ways-to-identify-a-bitcoin-bull-run-56a788ff60e5">bulls</a>. </span>

<span style="font-weight: 400">During press time, Bitcoin is performing at $7,194. Showing a meagre improvement from the $6,800 support; but a further decline from yesterday’s all time high of $7,300. </span>

<span style="font-weight: 400">Several analysts have shared bearish rants that warn of an impending free fall down to $6,000 or lower; In case of a move below the prevailing level. </span>
<blockquote><i><span style="font-weight: 400">“$BTC moving a bit faster than I thought. Selling climax isn’t here yet imo. Pray that $6,900 holds bc it’s a whole lotta air until ~$6,000 area</span></i></blockquote>
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Bitcoin Towards Further Price Plunge Next Week, Analysts Target $6000

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

Bitcoin Towards Further Price Plunge Next Week, Analysts Target $6000

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