Today proved to be another challenging day within the Crypto markets as traders and investors saw the dreaded numbers in red once again. Since price closed below the $7,250 level of support, price has seen a sharp sell off which was expected after such a huge market manipulation that occurred last week.

The 4hr chart shows the huge sell off price has seen seen being rejected at $7,500 earlier in the week. This has proved to be a strong level in the past which could be a contributor to the nature of this sell off. The price could free fall down to the $6,800 region over the coming days as the charts show little to no previous noise between where we are currently trading and the $6,800 level.