Bitcoin Struggles to Break Above $4,000, Analysts Claim BTC Likely to Drop Before Climbing Higher

Following several consecutive days of price gains, Bitcoin’s recent price rally has stalled as BTC failed to decisively move above $4,000. It’s no surprise that $4,000 is a strong level of resistance for the cryptocurrency, as it has previously acted as a strong psychological level for BTC.
Now, analysts expect Bitcoin to drop slightly before finding increased buying pressure, which could then help propel it to above $4,000.
Analyst: Despite Bitcoin Price Surge, BTC Still in a Heavy