Bitcoin has dived further from the critical level at $8,000 and is now seeking balance under $7,800 broken support. Although nothing shattering at the moment, the lower correction deals a bigger blow to the investors hoping to see BTC/USD above $8,000 and on the path to $9,000. The short-term 1-hour chart, shows the next support at $7,700. Other key support areas the buyers need to look out for are $7,600 and $7,400.
BTC/USD 1-hour chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.