Bitcoin Price Prediction: BTC/USD bulls scatter into hibernation, price dips below $8,300 

Bitcoin Price Prediction: BTC/USD bulls scatter into hibernation, price dips below $8,300 – Confluence Detector
Bitcoin bulls run into hibernation after failing to defend the support at $8,600, opening the door for losses under $8,300.
Tom Lee and John Bollinger believe that the current Bitcoin price pullback is healthy.
Following a few days of dancing in a tight range mainly between $8,600 and $8,700, Bitcoin dived under $8,300. The losses stopped at $8,269 before reversing briefly above $8,300. At the time of writing, Bitcoin is trading at $8,309 and features a bullish trend with shrinking volatility according to the cryptocurrencies live rates table.

In spite of the breakdown key analysts such as Tom Lee of Fundstrat and John Bollinger, the creator of the Bollinger Bands indicator believe that the pullback is healthy and there is no course for alarm. Bollinger said via a tweet: