Bitcoin has been falling since the past 24 hours and it has hit a major support at about $7000. It kept hovering above the $7000 line and below the $7200 line for a steady 2 hours or so. It has only recently shot ahead to $7230 However, Bitcoin is at risk of going into a much bigger pull mark if it hits the $6700 support and goes below it. I do not think that it will fall below $7000 in the short run but if it does, $6700 is the next support and it will most likely get there easily. That will be a decisive moment in recent times.