This week started with a bearish bias, with bearish moves in bitcoin below the USD 8,400 support area. BTC gained bearish momentum and it even broke the key USD 8,000 support area. The price is down more than 7% and it seems like there could be more losses in the near term. Similarly, there were heavy losses in altcoins such as ethereum, ripple, bitcoin cash and EOS. ETH is down more than 6% and i