Bitcoin Price Might Drop to $7,000 as Bearish Pull is getting Stronger

7-day graph of bitcoin doesn't look so good from holders point of view but it is good chance for new investor to buy bitcoin as the price is down and they can become the part of bitcoin community at the right time.

Since last two to three days bitcoin price was struggling to stay above $8,000 since last two days but due to strong bearish pull the price is dropped below $8,000. There is a 7.27% drop in price in only one day and there are chances that price might reach $7,000.

The whole weak graph is showing downward trend because of some news about banning of cryptocurrencies ads on social media websites like twitter and facebook. Twitter has already implemented the ban however there are news that google will implement its ban during mid of this year.

There are chances that price might reach $7,000 mark but there is a support around $7,250 to $7,350 mark if the price will drop below $7,000 mark than another downtrend will start and it will become difficult to predict the damage that will be done to bitcoin price.