Crypto Markets Trade Sideways as Bitcoin Forms New Trading Range

The crypto markets are trading relatively flat after an incredibly volatile trading session yesterday, where many altcoins dropped 10% or more as Bitcoin failed to stabilize above the $4,000 price region.It now appears that the crypto markets are forming fresh trading ranges, and analysts agree that further losses could be right around the corner.Bitcoin Finds Support Around $3,600Although the recent drop did appear to be negative for Bitcoin’s price, as it signaled that bulls did not have enough buying pressure backing them to push the cryptocurrency’s price above $4,000, there was not enough selling pressure to push its price below the $3,600 region, which has so far acted as a level of support.At the time of writing, Bitcoin is trading up approximately 1% at its current price of $3,700, up slightly from its 24-hour lows of $3,650.Because Bitcoin has found some support near its current price levels, it is becoming…

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