Analysts Rule Out Bitcoin Drop to $4,000 Despite Bearish Signs; Here’s Why

Bitcoin’s price action has proven to be quite bearish as of late after it failed to hold above its key support level around $10,000. The drop below this level has led BTC to a key support level in the $9,000 region, and a failure to hold above this support level could lead to a massive movement lower.
Analysts are ruling out a full retrace down to $4,000, however, and are noting that there could be a near-term bullish scenario if BTC is able to hold above $9,400.
Bitcoin Plummets Below $10