The Bitcoin bears have returned in force today as crypto markets plunge to new low levels for 2019. A few hours ago Bitcoin fell out of its consolidation zone after failing to overcome heavy resistance at $3,600.
The plunge sent BTC to a new yearly low level of $3,463 according to Coinmarketcap.com. It has not been this low since December 17 when BTC rallied from its 2018 low level of just below $3,200. Most price predictions and analysis have been suggesting further losses for Bitcoin which has not been able to overcome key resistance levels.