Cryptos: Bitcoin trades higher after early session selloff

Bitcoin prices edge higher Tuesday, recovering from an early session selloff that saw the digital currency briefly fall to $3,800.

In early moves, one bitcoin, BTCUSD, +0.57% the world’s largest digital currency, fetched $3,870.10, up 0.5% since Monday’s level at 5 p.m. Eastern time on the Kraken exchange. The cryptocurrency is 1.8% off its session low of $3,800.50.

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What are analysts saying

“The price level at $4K remains a serious resistance for BTC, and the market clearly lacks a positive [catalyst] to overcome this threshold.

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