- Bitcoin is buying and selling over 3% decrease on one other unhealthy day for crypto markets.
- The value has made a brand new decrease excessive decrease low sample and issues may worsen.
BTC/USD Day by day Chart
Bitcoin’s worth motion has seemed dire on Tuesday. The market has moved away from the highs seen on February 13th.
On the Tuesday night time shut, if the market closes beneath 9,227 then we could possibly be headed towards the 8,500 space marked on the chart.
This could possibly be the beginning of a deeper correction with a brand new Elliott Wave sample or may merely be the tip of an ABC correction.
For now, we should keep watch over worth motion and a break beneath 9K for affirmation.
There’s additionally a trendline there that would assist present some help sooner or later if the worth does fall.