CryptoComes

Bitcoin (BTC/USD) looking for support

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The situation has changed significantly on Tuesday as BTC /USD declined. The currency pair has lost more than six percent in the past 24 hours. Now buyers are trying to give support to Bitcoin , but bears are too strong and it is not easy to do it.

Bitcoin has broken through several support areas on Tuesday including $7,949, $7,734 and $7,565. BTC /USD fluctuates below $7,565 currently. The currency pair stays below $8,000 which is not good for buyers as they were unable to develop their success or to hold positions.
Anyway, I think that bears still have some power to push the currency pair lower. I believe Bitcoin will fall towards $7,341 before starting its correction towards my target. By the way, I have reestablished my target lower. Now it is at $7,734.

Check the full crypto analysis HERE>>>.

All trading ideas every day on CryptoComes: https://u.today/pricewise

Everything about blockchain and crypto, Live 24/7 on CryptoComes: https://u.today/pricewise

Follow me and trade smarter with our insides!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.