Bitcoin (BTC) has broken below $4,000 and could test short-term barriers of $3,400, traders are predicting.
After hitting all-time highs approaching $4,500 earlier last week, a correction has seen the Bitcoin price dip below the significant $4,000 level.
The move was broadly anticipated given the speed the virtual currency grew by 50 percent from $3,000, opportunists keenly eyeing a chance to buy coins at what they consider the next ‘dip.’