In less than six days, the bitcoin price has declined from around $8,239 to $6,510 at its lowest point of the week. Despite the steep drop, the possibility of a further pullback is being considered by investors. Michael Novogratz, for instance, the billionaire CEO of Galaxy Digital, said that the bitcoin price is likely to remain in the $6,000 to $7,400 range for a while unless the dominant cryptocurrency shows a strong recovery in the short term. "BTC chart needs to recover $7,500 in next two days or we will be in a $6k-$7,400 range which would be less than pleasant. BTC still up 95% on the year to keep ... (full story)