Bitcoin Price Watch – BTC/USD Erases Gains, Dips Further Toward $7,000

Bitcoin Price watch: On Monday morning, Bitcoin price took a backseat following a quick surge above $7,500 over the past weekend. The digital currency is now trading at $7,220 as of 12 PM EST.

BTC/USD Dips Down Near $7,000

The recent price movements indicate that Bitcoin bears are still winning the battle. Today, Bitcoin price fell to as low as $7,142, which means that BTC/USD dropped below its 50-week moving average (MA) support for the first time since 2015.

At the moment, Bitcoin is on another bearish run, looking to test a support at …

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