China's Crackdown on illegal crypto exchanges makes a great impact on crypto prices. As it was panic in the market about the crypto future in China. The immediate crypto prices fall to accelerate the situation and prices move towards $7000 on Friday. It seems it's not going to reverse the price immediately. It will show more fall or decrease in crypto prices.

According to Crypto Michael, Trader at Amsterdam Stock Exchange “Lower one it became. I would prefer to have a bounce-back above $7,700 here, however, it seems unlikely at this point. If not possible, aiming at continuation at this level. Below here I see $6,800 & $6,300. Fragile market. Atleast
acceleration.”

Trader and Analyst For Crypto Filb Filb Said that “Probability would suggest BTC/USD will need to spend a little more time testing below $7,000 before there is a significant bullish reversal.”

Still, the market is in up and down position some predicts it will go higher and optimistic it will go upward again but some of the analysts say it will go more down and no immediate reversal at the moment.