Bitcoin drops $ 6,900

Bitcoin price fell to important support at $ 6,900, where the 50-day MA takes place. The current rate of $ 6,850, if the bulls do not hold this level BTC will return to a bearish trend.

Also at this level there is an uptrend line, which began on March 13 after the recovery of the price of bitcoin. If the current support and the trend are broken down, the next support is at $ 6,500. Further, the price can fall by $ 5,800 and even $ 5,500, these levels are very secure for buyers, which was proved on March 13.