Analyst: Bitcoin and Ethereum Have Room to Fall Further, BTC May Touch $3,50020.37

Following a turbulent week for the cryptocurrency markets, most major cryptocurrencies have fallen even further today, and analysts now believe that there is more room to fall for Bitcoin and Ethereum.

At the time of writing, Bitcoin is trading down over 4% at its current price of $4,300. Over the past few days Bitcoin has established a new trading range between $4,200 and $4,600, and it is becoming increasingly unclear as to how the markets will respond to prices so low compared to where they were just a couple weeks ago.

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