Bitcoin’s (BTC) bulls need to keep prices above key support at $7,432 to avert a short-term bearish reversal. At the current price of $7,685 (as per Bitstamp), the leading cryptocurrency by market value is down 15 percent from the May 30 high of $9,097 – the highest level since the same month in 2018 The double-digit price drop has spurred fears of a trend reversal. After all, prices have found acceptance below the crucial 30-day price average. Further, key technical indicators are flashing signs of bullish exhaustion. Even so, it is still too early to call a bearish reversal as BTC is yet to confirm the most basic ... (full story)