Breaking: BTC/USD drops heavily by some 4% as $7000 firmly loses ground
|- Bitcoin price comes under heavy selling pressure late on Monday, down over 3% in the session.
- BTC/USD price action broke out to the downside from a bearish pennant structure.
Bitcoin price has come under heavy selling pressure in the latter stages of trading on Monday.
The bears attacked the pychological $7000 price mark, which gave way, likely triggering some stops to the downside.
Near-term price action was moving within a bearish pennant structure, of which the sellers managed to capitalize on.
BTC/USD 60-minute chart
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