The Bitcoin (BTC) price remains vulnerable to a pullback after ranging between $6,900 and $6,500 for the past four days. Traders say that the pattern that caused BTC to plunge from $10,500 to $3,600 is playing out again.
In the immediate-term, technical analysts foresee a retest of $7,200 after bullish divergences at lower times frames have indicated a relief rally to take place.