After failing to stabilize above $6,500, Bitcoin has now fallen into the $6,300 region, and it is becoming increasingly likely that it will test its long-established support level that exists at $6,200.
Altcoins also took a hit on Friday after yesterday’s weak day of trading.
Bitcoin Drifts Lower, $6,200 Likely to be Defended by Bulls
At the time of writing, Bitcoin (BTC) is trading at $6,395, trading down 1.3% over the past 24-hours.
BTC has been gradually declining since November 6th, when it rose to weekly highs of nearly $6,600 before beginning its slow
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