Bitcoin price analysis: Bull suppression under $8000 continues

Bitcoin price analysis: Bull suppression under $8,000 continues

Bitcoin stays under $8,000 as the dust settles following the drop on Friday. The SMAs suggests a lower consolidation even as a descending trendline limits upward movement. Bitcoin bulls have decided to stay in hibernation all weekend long. All advances towards $8,000 have been thwarted by the prevailing selling pressure.