Bitcoin Price Hits Yearly Low at $5,825, Where Will it Bottom Out?

The bitcoin price has dipped below the $5,900 mark, after initially dipping below the $6,000 mark on June 23. Subsequent to four consecutive sell-offs as shown in the 1-hour bitcoin price chart below, BTC officially fell to a yearly low. On February, the bitcoin price recorded a major drop from around $8,000 to the lower end of $6,000, bottoming out at around $6,050. However, on June 24, the drop of BTC continued to the higher end of the $5,000 region, entering $5,000 for the first time since early November.
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