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If Bitcoin Price Closes Under $7,400, Strong Drop Could Follow; Here’s Why

Bitcoin has finally started to show some signs of weakness after stagnating above $7,500 for days on end, recently dipping under the key support in and around $7,400. As of the time of writing this, the cryptocurrency is trading for $7,350 on many major exchanges, posting a 2% loss in the past 24 hours.Related Reading:...
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Bitcoin (BTC) $ 94,871.42 2.37%
Ethereum (ETH) $ 3,258.94 1.98%
Tether (USDT) $ 0.998452 0.14%
XRP (XRP) $ 2.18 2.73%
BNB (BNB) $ 645.72 2.18%
Solana (SOL) $ 178.99 1.28%
Dogecoin (DOGE) $ 0.308244 4.19%
USDC (USDC) $ 1.00 0.05%
Lido Staked Ether (STETH) $ 3,257.81 1.72%
Cardano (ADA) $ 0.876276 3.21%