Bitcoin has breached below $7,500 recently which is expected to lead the price much lower towards $5,000 price area in the coming days. The bearish rally of Bitcoin seemed to be unstoppable currently and such lower price in the market is indeed quite shocking for the investors around the world. The overall Crypto market is currently facing a strong bearish pressure without any fundamental impact. The speculators are finding the crash as the result of insecurity and doubt in the Crypto market due to recent Regulation and Exchange ban issues around the world. As of the current scenario, the price is expected to proceed lower having an analysis of the recent impulsive bearish market pressure. As the price remains below $7500 price area with a daily close, the bearish bias is expected to continue with the target towards $5,000 and from where the price is expected to bounce back with some bullish intervention.
