Bitcoin (BTC/USD) looking for support

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.

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