Bitcoin (BTC) is now fighting around the $7,100 level, after losing previous tiers of support. On Monday, BTC slid to lows around $7,080, as the price kept weakening ahead of the year end. BTC traded at $7,096.41, with highly unstable prices.
The new week started with another fight of bulls and bears, on somewhat slower volumes of $17 billion’s equivalent in 24 hours. BitMex futures are also slowing down, with $1.4 billion in volumes, and prices around $7,068.
BTC already dipped below the $7,000 level late on Sunday, reaching a low around $6,924.38. So far, the coin is still showing the possibility for recovery, but the overall attitude allows for further price drops.