Another red day today. Billions of market cap gone.
It seems the resistance at 7400 dollars was just too much. Right now we are under 7000 dollars.
There is a big chance that our support at 6800 will be tested.
Rumor has it , that a big whale is to blame , moving thousands of bitcoin to several exchanges.
If we look at the altcoins we see that the hard times continue. If we go down more and bitcoin would test 5900 dollars , that would be a heavy blow to the already weak altcoins. Maybe we can see Steem at 50 cents in the nearby future?