Bitcoin Breaks Below Major Level: $74K Is the New Support — But will it hold?

From last Thursday through to Sunday the Bitcoin price traded in a very narrow range just above the major $75K support level. However, on Sunday the $BTC price fell through the support. It has not collapsed as yet, and a bounce is currently taking place from support at $74. Nevertheless, is this just the prelude to a collapse to below $70K? Bounce from $74K Source: TradingView The short-term chart for the $BTC price is not a pretty sight. Since September it has steadily made lower highs and lower lows , and this has finally culminated in a breakdown below the major $75K horizontal support level .

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