Bitcoin Fails to Break $7.8K and Now Risks Reversing to New Lows. Adminka 1st December 2019 comments off. which is likely to break out in January 2020. Overall, bitcoin is currently consolidating losses with corrective moves above the USD 7,150 level. If BTC/USD fails to recover above USD 7,250 and USD 7,350, it could resume its decline below the USD 7,150 and USD 7,000 levels in the near term. _____ Find the best price to buy/sell cryptocurrency: 1/15/2016 · In a lengthy post on Medium, Mike Hearn states that "despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly." This comes as unfortunate timing as PayPal appoints F intech figure and bitcoin entrepreneur