In the past few hours (08:10 UTC,) there was a strong increase in bearish pressure on bitcoin below the USD 7,850 support level. BTC/USD declined below the USD 7,700 and USD 7,600 levels to trade to a new weekly low. The price is currently holding the USD 7,520 support, but there is a risk of more losses before the bulls stage a fresh upward move. Similarly, there were downsides in most major altc