Cryptocurrency trader: Bitcoin could drop $ 4,000

According to NewsBTC, most analysts seem to believe that the recent decline is bearish for Bitcoin, rather than rebounding to around $ 6,000 after a rapid decline. Cryptocurrency trader Tyler D. Coates tweeted that if Bitcoin follows the opposite trend of the price movement, then Bitcoin could return to $ 4,000. Well-known analyst Cred also reminded his fans that just because the price of Bitcoin closed above the support level for a month, "does not mean that the price must rise immediately."