Bitcoin tries to hold $4,000, bulls losing momentum

Red has been dominating the charts for the past 24 hours, putting a stop to a winning streak which started last Sunday and pumped the market up beyond all-time lows.

Tron is still remaining as the best performing coin on the top 20, packing up gains close to 9%, while its market cap looks much healthier now, about to touch $1,400 million, than a week ago when it was below $1,000 million. On the contrary, both Bitcoin SV and Waves are losing more than 10% of their price over the last hours.

At writing time, Bitcoin is on the $3,850 – $3,950 range, seemingly searching for a new direction after climbing back from slightly lower ranges where it was pushed after breaking down the $4,000 mark.

Global market capitalization is back above $130 billion, after taking a dive below on Friday when the current short term downtrend started, as price rose beyond $135 billion.

Despite the losses in most of the top 10 projects, today is not at all the worse day for the…