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Bitcoin prices steady but a test of $3,100 is on the cards, says analyst

January 23, 2019

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Cryptocurrency prices are trading mostly unchanged on Wednesday, led by the No.1 digital currency, which is oscillating on either side of $3,600.

On Wednesday, a single bitcoin BTCUSD, +0.04% fetched $3,591.47, down 0.1% since Tuesday’s level at 5 p.m. Eastern Time on the Kraken crypto exchange. The cryptocurrency has spent the past 24 hours inside the $3,580-$3,620 range.

What are analysts saying

Despite a relatively subdued period for the best-known cryptocurrency, David Thomas, director and co-founder of Global Block, a cryptocurrency brokerage firm, said another lurch to the downside is looking likely.

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