Bitcoin Slides Below $3,600 Leading Overall Crypto Markets to Plunge
Bitcoin has been unable to maintain above its previous support level around $3,600 and is now nearing the bottom of its recently established range between $3,550 and $4,200. Bitcoin’s price drop has led the general crypto markets to plunge, with many altcoins trading down 6% or more.
One analyst now believes that the crypto markets will range for the coming days or weeks, with significant buying pressure existing around $3,000.
Bitcoin Likely to Range Before Dropping Further
At the time of
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