Bitcoin price is down 6% and tested $7,400 (discussed in the medium term outlook) against the US Dollar. The price is showing no signs of a strong recovery and remains at a risk below $7,800. There is a key contracting triangle forming with resistance near $7,650 on the hourly chart of the BTC/USD pair (data...The post Bitcoin (BTC) Reaches Crucial Support At $7.4K, Larger Decline In Play? appeared first on NewsBTC.
