Bitcoin Risks Return to December Lows After Price Drop to $3.5K

After breaching key support on Sunday, emboldened bears could soon push bitcoin (BTC) prices back towards $3,100.

The cryptocurrency closed yesterday (as per UTC) at $3,516, invalidating the bullish view put forward by the higher low of $3,566 carved out on Dec. 27.

That move also added credence to the bearish reversal signaled by the 9 percent price drop witnessed last Thursday.

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