Bitcoin (BTC) Price Analysis: Heading For $7,000? Bitcoin continues to slide and may be setting its sights on new last month's lows. Bitcoin has formed higher lows and lower highs on its 4-hour time frame to create a symmetrical triangle. Price is on its way to the bottom around the $7,000 level. The 100 SMA has crossed below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, the selloff could…