A bit of bearish pressure can always materialize in the world of cryptocurrencies. Especially during the weekend, one never knows in advance how the markets might swing. Today, it seems the Bitcoin price is taking a rest day and is willing to sacrifice some of its recent gains in the process. No big drop is expected at this time.
Bitcoin Price Drops Below $5,700 Again
After setting a new all-time high for 2019 just yesterday, the value of Bitcoin must now contend with minor bearish pressure. It is difficult to determine if traders are simply cashing out profit or the market trend is showing signs of a long-term reversal. Either way, the price has dropped below $5,700 again, yet there is no indication the losses will continue to pile up as the weekend progresses.
Over the past 24 hours, the Bitcoin price lost 1.57% in value. That is a bit surprising to some, albeit a rather expected turn of events for most veterans. A minor dip like this will not trigger a panic sell moment by any means, as it gives speculators another…