Bitcoin’s Difficulty on Track for Historic Drop, but There Is Silver Lining – U.Today

The cryptocurrency market continues to see a lot of indecision as bulls and bears continue to wrestle over control. However, if Bitcoin breaks below $6,000 once again, the latter could score a resounding victory.

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Trader Big Cheds recently tweeted that the bulls were 'working hard'to hold the $6,000 level. The top coin is currently changing hands at $6,139 at press time.

The bears did manage to push the price lower on multiple occasions today, but they are yet to get behind the wheel.

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If the BTC price breaks below the above-mentionedonce again, it will most probably resume its downtrend, according to trader Cred. After that, he expects the orange coin to be stuck within its previous intraday range.

As reported by U.Today, BTC rocketed to nearly $7,000 on March 20, but this move was followed by a 20 percent pullback.

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Bitcoin's Difficulty on Track for Historic Drop, but There Is Silver Lining - U.Today