Bitcoin’s value is under siege again. The current value is around 6,600.00 U.S Dollars per coin. Important support appears to be around 5,800 for the cryptocurrency, resistance looks to be 8,200.00. Bitcoin is now below key levels in which it started to add robust value mid-November. While some cryptocurrency ‘gurus’ continue to suggest buying on dips, cynics can be quickly heard asking – which dip they mean? The pain threshold for Bitcoin is certainly being tested, and buyers have been hard to find the short term. All major cryptocurrencies such as Ethereum, Ripple, Cardano, Bitcoin Cash, IOTA and more take double digits loss at the time of writing.