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Analyst: Bitcoin Likely to Drop into Lower-$4000 Region Before Finding Significant Support

Analyst: Bitcoin Likely to Drop into Lower-$4,000 Region Before Finding Significant Support | NewsBTC

Although many investors and analysts alike viewed Bitcoin’s muted reaction to the recent Tether/Bitfinex controversy as a sign of improving fundamental strength, it may be too early to celebrate just yet, as one analyst believes that BTC may dip back into the lower-$4,000 region before finding any significant levels of support that allow it to continue climbing higher.