Bitcoin Price Might Drop to $7,000 as Bearish Pull is getting Stronger

7-day chart of bitcoin doesn't look so great from holders perspective however it is great shot for new speculator to purchase bitcoin as the cost is down and they can turn into the piece of bitcoin group at the opportune time. 

Since last a few days bitcoin cost was attempting to remain above $8,000 since most recent two days yet because of solid bearish force the cost is dipped under $8,000. There is a 7.27% drop in cost in just a single day and there are chances that cost may reach $7,000.

The entire frail diagram is indicating descending pattern due to some news about prohibiting of digital forms of money promotions via web-based networking media sites like twitter and facebook. Twitter has officially actualized the boycott however there are news that google will execute its boycott amid mid of this current year. 

There are chances that cost may reach $7,000 stamp yet there is a help around $7,250 to $7,350 check if the cost will dip under $7,000 check than another downtrend will begin and it will wind up hard to foresee the harm that will be done to bitcoin cost.