Analyst: Bitcoin Must Finish Weekend Above $3,700 to Avoid Further Losses - Coins On News
Following the cryptocurrency market’s recent plunge that sent Bitcoin and most altcoins down 10% or more, the markets have been able to find some levels of stability around their current price levels and are currently trading down slightly. One analyst now claims that Bitcoin must finish the weekend above $3,700 in order for it to climb higher, or else it will likely drop into the low-$3,000 region. Bitcoin Stable, Struggling to Break Above $3,700 Yesterday, Bitcoin treated $3,700 as a level of support throughout the day, but it now appears that this price is becoming a level of relative resistance