In the night of March 26 mid-market Bitcoin exchange rate sharply fell to $3934, and then increased slightly. Now the cryptocurrency is trading at $3950, over the past day it has lost 1.9 percent of the price. At the same time Ethereum fell by 2.04% to $134,5, token XRP — on 2,17%, to $had 0.301. Total market capitalization of digital money in some hours has dropped from $140 billion to $137 billion, RBC Crypto.
Bitcoin failed to consolidate above the important resistance level at $4000, now its price can drop to $3850, an analyst at NewsBTC Ayash Jindal. He explained that the coin must remain above the key level of $3940 in order not to become cheaper in the near future.
According to experts, the cryptocurrency must be overcome in the area of $3940 and $3950, to be able to continue to grow in value. In this case, it will be able to re-test the level of $4000. If the price of the asset will again be below the level of $3940, it will fall to support at $3880, after which the decline will slow at $3850 and $3800.
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