Analysis: If the total market capitalization cannot recover the 200-day moving average, the BTC may fall to $6,900-7,200.

Trading room analyst firm Trading room said that BTC will usher in further decline unless the total market capitalization can recover the 200-day moving average. The agency also advises investors to set the market entry price near the $6,900-7,200 range, down from the previous $7,400-7,600.