BITCOIN PRICE ANALYSIS

With the bulls lacking strength to push bitcoin price to $7000, the king of cryptocurrencies has been found sliding again. A continuation in price fall during the weekend may find a support point at previous low around $5803. A break from this support may send the king looking for cover at $5000 or just below. Though most investors wouldn't want that, one of them namely Katy wood founder and C.E.O of Ark investment in an interview with coindesk, stated that its healthy for the ecosystem.