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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) $ 61,502.48 1.39%
Ethereum (ETH) $ 3,032.93 4.45%
Tether (USDT) $ 0.999995 0.01%
BNB (BNB) $ 576.40 1.84%
Solana (SOL) $ 129.37 4.18%
USDC (USDC) $ 0.999856 0.02%
Lido Staked Ether (STETH) $ 3,030.49 4.45%
XRP (XRP) $ 0.498796 1.81%
Dogecoin (DOGE) $ 0.136581 3.14%
Toncoin (TON) $ 5.23 0.70%