Bitcoin took a plunge this weekend. Earlier last week, the cryptocurrency traded well above $60,000 and tested a resistance at $63,500. Despite the rebound, the pair took a further dive, dropping over 8% on Sunday, setting the cryptocurrency back almost $10,000.
The pair has been bullish while trading above the $60,000 level. However, with the recent dip below $57,000, this pair may continue to see further losses as sellers take control. The pair may recover before Monday’s open.
Despite its current position, Bitcoin may see a future of further consolidation around the current levels.
