Analysts Widely Bearish on Bitcoin as BTC Nears Important 4,000 Price Level - Coins On News
Bitcoin (BTC) has kicked off the weekend trading up slightly but has still been unable to decisively move above $4,000, which has proven to be a key psychological resistance level for the cryptocurrency. Although Bitcoin has been able to climb consistently for the past several days, analysts now expect the cryptocurrency to fail to break above $4,000, which will likely lead the cryptocurrency to incur further losses in the near-future. Bitcoin Stable Above $3,900, But May be Losing Steam At the time of writing, Bitcoin is trading up 0.4% at its current price of $3,950. Since earlier this week, BTC