Newsflash: Bitcoin Price Drops to $3,801 as Breakout Attempt Fails

Bitcoin price

The bitcoin price dropped as far as $3,801 on Monday after an attempted breakout failed to thrust the flagship cryptocurrency back across the $4,500 level.

CCN technical analyst Yashu Gola reported yesterday that BTC/USD was flirting with a breakout but stressed that a price floor would not be confirmed until the index experienced a sustained consolidation period above $4,500.

bitcoin price
BTC/USD | Coinbase

Unfortunately, that bounce did not occur, and this afternoon the bitcoin price fell below $4,000, which triggered further selling all the way down to $3,801 on Coinbase — its lowest point since Nov. 28. As of the time of writing, BTC/USD was holding at $3,825.

Stay tuned for detailed bitcoin price analysis, and click here to track the real-time BTC/USD exchange rate.

Featured Image from Shutterstock. Charts from TradingView.

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POSTED IN: Bitcoin Price News, News
Josiah is an assistant editor at CCN. A former ancient and medieval literature teacher, he has been reporting on cryptocurrency since 2014. He lives in rural North Carolina with his wife and children. He holds investment positions in bitcoin and other large-cap cryptocurrencies. Follow him on Twitter @Y3llowb1ackbird or email him directly at josiah.wilmoth(at)