The king of cryptocurrency Bitcoin (BTC) is in a long dip and the Bitcoin price broke through the key support level at nine thousand and five hundred dollars ($9500). The support levels have since dropped to seven thousand and seven hundred dollars ($7700), consequently losing almost nineteen percent of its value just within a few days. Bitcoin price movement: Short-term Short-term Bitcoin price analysis shows that there has been a creation of a descending channel because of the last movement to the downside. The volume descending along with the descending BTC price action highs seems to be leaning towards more down
