Bitcoin Plunges Below $7,800 Support

Bitcoin has dived further from the critical level at $8,000 and is now seeking balance under $7,800 broken support. Although nothing shattering at the moment, the lower correction deals a bigger blow to the investors hoping to see BTC/USD above $8,000 and on the path to $9,000. The short-term 1-hour chart, shows the next support at $7,700. Other key support areas the buyers need to look out for are $7,600 and $7,400.

BTC/USD 1-hour chart

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