Analyst Claims Bitcoin to Test $2,970 is Likely in the Short-Term15.37

The cryptocurrency markets have held steady today and have given investors a welcome reprieve from what seems like a constant downturn, with the overall markets trading sideways after experiencing nearly two weeks of consistent price plunges.

At the time of writing, Bitcoin is trading down 1.1% at its current price of $3,730, trading choppily over the past 24-hours between a range of approximately $3,640 and $3,800. Bitcoin is currently trading down 43% from its one-month highs of $6,600, and one analyst believes that another short-term downwards move is imminent.

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