Bitcoin has knocked out the weekend trading slightly up but has still been unable to move above $4,000. Bitcoin has been able to move consistently for several days. Few analysts assume the price might fail to raise above $4,000, which will likely lead to sustain future losses.
At the time of writing, Bitcoin is trading down by 0.06% at its current price of $3,942. Since the beginning of the week, BTC has been able to hold steady above $3,900.
On march 9, 2019, BTC fell sharply to lows of $3,880 before quickly surging to its current price levels. This price action may signal that the crypto has established the upper-$3,800 as a level of relative support.
Although, Bitcoin has been steadily climbing over the past several days, analysts still expect the cryptocurrency to suffer greater selling pressure in the future.
Read More here
https://coinpedia.org/news/btc-bitcoin-price-analysis/