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The bitcoin price dropped to $ 3,801 on Monday after an unblocking attempt failed to bring the top cryptocurrency back to the $ 4,500 level.
The CCN technical analyst Yashu Gola reported yesterday that BTC / USD flirted with a breakout, but stressed that a floor floor would not be confirmed until the index had a sustained consolidation period exceeding $ 4,500.
Unfortunately, this rebound did not occur and this afternoon the bitcoin price fell below $ 4,000, which triggered additional sales up to $ 3,801 on Coinbase – the lowest point since November 28th. At the time of writing, BTC / USD was in possession of $ 3,825.
Stay tuned for a detailed analysis of bitcoin prices and click here to monitor the BTC / USD exchange rate in real time.
Shutterstock foreground image. TradingView Charts.
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