ECB's Villeroy says that Bitcoin is probably a bubble

ECB member Villeroy speaks in Paris

• Bitcoin raises money laundering problems

The key word there isn't 'bubble' but 'probably'. For that to become a certainty, it would require price to slide below the pivotal support region just under $6,000:

That has been the key level that has stalled declines in Bitcoin seen this year. If that gives way, expect a sharp drop to come. However, if long-term HODLers and whales aren't willing to budge it'll be difficult to see any major deviation from recent price ranges.