- Bitcoin takes a beating of 3.5%, price firmly in the red into the second part of the day on Tuesday.
- BTC/USD bears are seriously pressing for a breach from a rising channel formation via the 60-minute view
- It almost appears as though Bitcoin is really yet to feel all of the wrath from the bears.
- Several newswires calling Bitcoin a bubble that has now popped, a very bold statement to through around indeed.
BTC/USD 60-minute chart
Spot rate: 3312.89
Relative change: -3.56%
High: 3426.98
Low: 3314.06
Trend: Bearish
Support 1: 3314.61, daily pivot support.
Support 2: 3219.08, daily pivot point support.
Support 3: 3081.70, daily pivot point support.
Resistance 1: 3547.51, upper part of ascending channel.
Resistance 2: 3684.89, daily pivot point resistance.
Resistance 3: 3780.42, daily pivot point resistance.
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