Recently, bitcoin price trimmed most gains and declined below the USD 7,350 support. Moreover, BTC/USD declined below the USD 7,250 support and traded close to the USD 7,150 support. The price is currently (09:00 UTC) trading in a range and seems to be preparing for a fresh increase towards USD 7,350 and USD 7,550.
On the other hand, most major altcoins are facing an increase in selling pressure,