Next major support for BTCUSD at 7400$!

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BTC is moving bearish at the moment, and it´s next major support is at 7400$ where we most certainly will expect a bounce. But will this support hold and be the end of the bearish movement or are we going to drop even further ?

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As stated more than 3 months ago BTC hit Major support at 7400$ and bounced drastically to 10330$ in a day!