This immense wave of bearish pressure continues to wreak havoc among all cryptocurrencies as of right now. It appears this downtrend is only growing worse as more time progresses, Even the Bitcoin price is on very thin ice right now, as the support levels are falling one after another. Sustaining the $5,200 level may be more challenging than initially assumed.

Bitcoin Price Isn’t Improving Just yet

It is painfully evident the current overall cryptocurrency market trend is anything but pleasant to keep an eye on. With all of the top markets down by 5% or more, things will not necessarily improve over the course of the weekend. Bitcoin is leading this negative trend, as it too is bleeding value at a rather alarming rate.

Over the past 24 hours, the Bitcoin price deficit has only grown worse. With a 5.22% loss, one BTC is now valued at just $5,239. It is not the value traders and enthusiasts had envisioned after what appeared to be a very solid week. The push to $6,000 has been postponed, by the look of things, although…

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Source: https://themerkle.com/bitcoin-price-keeps-heading-south-as-drop-below-5200-looms-ahead/