For the past week we have seen continue decline in price of BTC/USD
We are officially in Bear market Territory, there are lot of reasons why bitcoin is correcting right now.
News like Cyberattack asking for Ransomware in Bitcoin is not helping the image of Bitcoin in public perspective.
There is also the August 1st fork that could split the Bitcoin Network that is on Investors mind.
It could also be as simple as profit taking we won't know until few more months in the future.
Having said that watch for the Technical Support Level $2100-2050 if Bitcoin Breaks through that than we may have additional correction all the way to $1500 level.
Thank you for reading and let me know what you think Bitcoin Price will do in next 3-6 months in comments.