Bitcoin Price Drops to $7,400; Retreat to $6,900 Likely as Market Bleeds

On yesterday’s report, CCN noted that the $7,700 mark is an important support level for bitcoin and if BTC fails to secure momentum above $7,700, a short-term decline to the $6,000 region is likely. Today, on June 5, bitcoin fell to $7,400, increasing the probability of a further drop to $6,900. End of Another Corrective

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