Analyst: Despite Today’s Drop, Bitcoin (BTC) Not Likely to Retrace To 4,000

Following Bitcoin’s overwhelmingly positive price action over the past couple of weeks, the cryptocurrency has finally hit a strong level of resistance that sent it spiraling downwards. Now, BTC is beginning to establish fresh levels of support and resistance, which may lead to the formation of a fresh trading range.
Although today’s drop has allowed Bitcoin’s bears to take control of the cryptocurrency, analysts are now explaining that BTC does have multiple levels of strong s