Bitcoin has fallen from over $9,000 last Wednesday to around $7,350 on Sunday morning. Since then it has been on a downward slope and may need some “good” news to keep it from falling further. Even Tom Lee’s, Fundstrat Global Advisors’ Head of Research, chart showing Bitcoin rising to $91,000 in March 2020 isn’t having a positive impact. The next support level is its February 6 low of just above $6,000 . From a negative perspective, a spike in panic selling could indicate that the end of a downward price trend is nearing.

Source: Forbes March 18, 2018 19:07 UTC