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Cryptos: Bitcoin rebounds, but expects further downside, says analyst

Bitcoin prices moved higher on Tuesday, recovering part of the prior session’s losses that saw the digital currency trade to its lowest level in two weeks.

In Tuesday afternoon trade, bitcoin BTCUSD, -0.09% was changing hands at $3,915.70, up 0.8% since Monday’s level at 5 p.m. Eastern time on the Kraken exchange.

Read:Dow futures climb as China trade talks resume

What are analysts saying

Despite the overnight recovery, analyst Jani Ziedins of the CrackedMarket blog said bitcoin is far from out of the woods. “Bitcoin cannot escape $4k resistance even after poking its head above it the last week.

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