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. 

This current drop indicates that the downtrend has resumed.

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

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

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

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