This past week, bitcoin price remained in a downtrend and settled below the key USD 7,250 and USD 7,200 support levels. The same levels are now acting as hurdles for the bulls and BTC/USD is struggling to stay above the USD 7,000 support area.
Similarly, many major altcoins are declining and facing an increase in selling pressure, including ethereum, bitcoin cash, XRP, EOS, BNB, TRX, ADA, and XLM.