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Bitcoin Drops Below USD 7000, Altcoins Follow

Bitcoin Drops Below USD 7,000, Altcoins Follow

After multiple failures to clear the USD 7,400 resistance area, bitcoin price reacted to the downside. BTC/USD broke the USD 7,250 and USD 7,120 support levels to move into a short term bearish zone. BTC is down more than 5% (08:30 UTC) and it could continue to move down.