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.