Bitcoin and Altcoins Recovery Still Might Fail In Near Term

Bitcoin and Altcoins Recovery Still Might Fail In Near Term

This week, we saw a downside extension in bitcoin price below the USD 7,400 and USD 7,350 support levels. BTC/USD even traded below the USD 7,200 support before it found support near USD 7,150. The price is currently (09:00 UTC) recovering, but there are many hurdles near USD 7,250, USD 7,350 and USD 7,400.