BTC Price Risks Further Collapse, Keeps dropping To $19.8K Low

Bitcoin (BTC) has fallen below the $20,790 support level, reaching a low of $19.8K.

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This current drop indicates that the downtrend has resumed.

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The unfavorable situation will continue to price lows of $18,638 and $17,605. Nevertheless.

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If purchasers retake the $20,000 psychological price level, the pessimistic scenario would be disproved.

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Bitcoin (BTC) has renewed deflationary pressure after breaking below the $20,790 support level.

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At the time of writing, the largest cryptocurrency was trading at $19,862.

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