Bitcoin Price Falls to $ 3,637, Recover Back Over $ 5,200 Immediately

Bitcoin prices have dropped below $ 4,000 after suddenly falling 11.24% to a new annual level of $ 3,782. The sudden decline seems to be short-lived as prices quickly recover back to $ 5,260. Traders of 1 hour time will find that the higher rebound occurs after the relative strength index declines to 8.45. In the meantime, traders will be watching to see if oversold bouncing leads to a stronger increase in purchase volume and some have taken to crypto-Twitter speculating that a drop below $ 4,000 may have dissolved…

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