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Modest gains and losses for bitcoin early on Thursday

  • Bitcoin prices up and down on Thursday
  • Quiet week for popular cryptocurrency
  • Analysts expect prices to eventually move lower

Bitcoin prices were bouncing between positive and negative territory in early trade in New York on Thursday. A single bitcoin (BTCUSD) inched 0.2% lower to $3,845.90. The popular cryptocurrency has been largely steady this week but analysts expect it to “eventually tumble lower”. Industry expert Jani Ziedins wrote this week that buyers are “not interesting” in pushing bitcoin higher. Smaller digital currencies were also mixed on Thursday.