Bitcoin plummets to $7700 after $9000 fakeout102

Bitcoin began to tumble after a sharp rejection at $9,000 support, driving the price down as low as $8,000. Within the hour BTC plunged again to $7,700 before recovering to prices just below $8,000. Is this the pullback analysts have been forecasting?

Bitcoin is down 8.7 percent in the last 24-hours. OpenMarketCap posts 24-hour real BTC volume of $2.4 billion while CoinMarketCap indicates reported volume of $22 billion.

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