Bitcoin has fallen by $100 since yesterday, and is now trading for just over $7,400. Many analysts claim that bitcoin’s long-term effects will take it to new highs, though a bull run doesn’t lie in the coin’s immediate future. For now, the coin doesn’t appear capable of jumping beyond the $8,000 mark. According to one source, bitcoin is having trouble moving beyond $7,500. A recent sell-off that ultimately “ran out of steam” brought the currency down to $7,270 during the early morning hours, though a later rally brought the currency up to its present $7,400 position. This source suggests thePowered by WPeMatico
