Bitcoin (BTC) Breaks Below 4,000 as Analysts Expect Continued Near-Term Weakness5.4

After trading within an incredibly tight trading range in between $4,000 and $4,100 for an extended period of time, Bitcoin (BTC) has now broken downwards below its previously established support level at the important psychological level of $4,000.

Now, analysts believe that Bitcoin’s inability to stabilize above $4,000 will lead it drop further in the near-term as dip buyers fail to step in and prop the cryptocurrencies price up.

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