The new week began with bitcoin (BTC) falling to its lowest level since June 21. The previous evening, the leading digital currency briefly dipped to $28,865.
BTC bounced back to $29,253 on Tuesday, July 25. IG Australia Pty analyst Tony Sycamore believes bitcoin could fall to $26,000 or even $25,000.
Only in this area is expected to strengthen support. If there is no further fall, the $25,000 mark will be the bottom for the cryptocurrency in the current cycle.