Home Blockchain News Bitcoin Price Plunge to $3,700 Expected, Say Traders; Retreat is a Blessing For Crypto

Bitcoin Price Plunge to $3,700 Expected, Say Traders; Retreat is a Blessing For Crypto

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Following a rapid surge in the Bitcoin price from $3,614 to $4,000 within a span of three days, traders are expecting BTC to retrace by around 7 percent to $3,700. The cautious projection on the price trend of the dominant crypto asset comes after the failure of BTC to climb beyond the crucial $4,000 resistance level. On February 19, BTC achieved $4,000 across major crypto exchanges including Bitstamp and Binance. Shortly thereafter, it fell to the low $3,900 region and today, below the $3,900 level. What does Will Bitcoin Pullback mean For the Rest of the Crypto Market? The price

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