Bitcoin Price Drops Below $27K After 'Death Cross', Analysts Watch for Support at Key Levels

Bitcoin price dropped below $27K, erasing early October gains after 'death cross' formed between key moving averages.

Popular analysts say $27K and $26.8K are key levels to watch, with bearish outlook if support fails.

Lower timeframe recoveries need to be spot-driven for strength according to some.

Possibility of pre-halving 'macro low' around $20K as BTC repeats 2019 price behavior.

Current price action fuels conservative views on how BTC may trade in coming months.