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 …
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.