High probability of Bitcoin falling below $ 7,500
The first cryptocurrency exchange rate for the second time in the last month was at $ 7,500, which strengthens the positions of bears and opens up prospects to decrease to the level of $ 7,200.
Over the past 6 months, the BTC price has broken down strong support levels from 3-4 times. So it was when falling below $ 9,500 and $ 8,000. As a rule, before a retest of lower support, the bulls take a temporary revenge.
At the moment, the price has again reached a level of $ 7,500, after which we can expect a buyback to the region of $ 8,000, with a subsequent return to support and breaking it down to $ 7,200.