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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) $ 81,150.74 5.31%
Ethereum (ETH) $ 1,583.08 7.60%
Tether (USDT) $ 0.999601 0.01%
XRP (XRP) $ 2.02 9.40%
BNB (BNB) $ 578.22 4.76%
Solana (SOL) $ 116.61 11.49%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.15798 9.75%
TRON (TRX) $ 0.234203 1.07%
Cardano (ADA) $ 0.616433 8.01%
Bitcoin (BTC) $ 81,150.74 5.31%
Ethereum (ETH) $ 1,583.08 7.60%
Tether (USDT) $ 0.999601 0.01%
XRP (XRP) $ 2.02 9.40%
BNB (BNB) $ 578.22 4.76%
Solana (SOL) $ 116.61 11.49%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.15798 9.75%
TRON (TRX) $ 0.234203 1.07%
Cardano (ADA) $ 0.616433 8.01%