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CryptoWatch: Bitcoin skids 1% as $4,000 resistance holds

Bitcoin prices traded lower on Monday, falling more than 1% as the best-known cryptocurrency failed to breach short-term resistance at $4,000.

In Monday morning action, a single bitcoin BTCUSD, -1.22% was changing hands at $3,842.30, down 1.4% since Sunday’s level at 5 p.m. Eastern time on the Kraken exchange. The cryptocurrency has slipped 2.6% from its Sunday high near $3,950.

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What are analysts saying

“With bitcoin lagging behind while other cryptos surge, the feeling is that the crypto winter is coming to a close and it is now alt season,” wrote Mati Greenspan, senior market analyst at eToro.

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