- Bitcoin has recently plummeted below the $4,000 handle again as it now trades at support around $3,700.
- The total market cap has lost a total of $17 billion over the past 24 hours.
- Support moving forward: $3,701, $3,664, $3,600, $3,500, $3,468, $3,352, $3,228.
- Resistance moving forward: $3,851, $4,001, $4,100, $4,215, $4,342, $4,576, $4,710, $4,877, $4,931, $5,000, $5,116.
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The Bitcoin market has taken a beating over the past 24 hours of trading, losing a close to 10% and bringing the current trading price back down to $3,707, at the time of writing.
It seemed that the market had started on a good note for 2019 as price action soared above $4,000. However, many prominent analysts were not convinced that this was the end of the “crypto winter” as they believed that the market still had room to head much lower before the correction could take place.
Although Bitcoin has not fallen too far below the $4,000 handle, it looks that they may be correct in thinking…