How Traders Can Make the Most of the Bitcoin Price’s Bearish Turn

The bitcoin price on Tuesday continued to pursue its downward trajectory, albeit finding decent support at one of the downside targets. The climate is not favorable for establishing long-term positions, but a few well-timed day trades can help you make the most out of the market’s recent bearish turn.

BTC/USD opened the Asian trading hours at $3,433, down 0.43 percent from yesterday’s high. The pair fell as much as 2.87 percent as the session matured. It established an intraday low at $3,337 before correcting higher during the European trading session. As of 19:00 UTC, bitcoin was trading at $3,409, marginally lower from where it opened the day.

Reference: https://www.ccn.com/how-traders-can-make-the-most-of-the-bitcoin-prices-bearish-turn/

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