Bitcoin Price Slips at $4,000; A Minor Pullback Before a Major Rally?
Following a spike to $4,068 from the low $3,900 region, the bitcoin price has experienced a slight pullback to $4,000.
While the price of bitcoin slightly differs from region to region, on average, bitcoin is currently being traded at $4,017.
7-Day Bitcoin Price Chart (Source: Coinmarketcap.com)
Against Tether (USDT) on Binance, bitcoin has dipped below the $4,000 mark to $3,975.
Minor Pullback Before Promising Rally or Retest of Previous Bitcoin Supports?
Following a 3 percent increase in the price of bitcoin, several traders expected the dominant cryptocurrency to undergo a minor pullback.
For over three months, bitcoin has remained in a relatively tight range between $3,700 to $4,000, breaking out of the $4,000 resistance on two occasions year-to-date.
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