"Bitcoin Faces Battle to Defend Bull Market as Mt. Gox Refunds Cause Largest Liquidation Chain in Years. BTC Price Drops 5% on July 5, Traders Are Watching" levels that bulls need to defend. According to trader Matthew Hyland, the first support level is $52,000. This is the basis of the Bitcoin Supertrend index. Since 2016, BTC/USD has dropped 38% several times, the target for the collapsed to $45,750. Blockstream CEO, Adam Back, recommends that hodlers increase their exposure to Bitcoin and MicroStrategy stock. What do you think about Bitcoin's current situation? Leave your comments below comment section!#Bitcoin#CryptoNews 😊"