Bitcoin experienced a 43% correction since June 24, after the latest 344% bull run. It is currently trapped in between 20 and 100-day moving averages on a weekly chart. 100-day MA stands strong and supports the price to fall further for 4 weeks now. If BTC breaks below that level, we will see a massive dump all the way till $6700. This is also a price point where the major volume kicks in.