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.
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While a 2% loss doesn’t seem decisively bearish, a leading analyst has said that a loss of th