- Bitcoin trades nearly 3% lower on Tuesday as sentiment remains weak.
- 9,135.00 is the next key area of support identified on the chart.
BTC/USD 4-Hour Chart
Bitcoin is having a tough time at present as sentiment fails to turn once again on Tuesday.
The 4-Hour chart continues to make lower low and lower highs.
This could suggest a new Elliott wave pattern might be starting to move lower.
A confirmation of this would be the break of 9,280.00.
The way we can tell it has begun is by the first lower high testing the 76.4% retracement level.
Now that level has been respected the next lower low wave could hit 9,135.00.
Only then can we say the pattern is invalid and the bull trend could resume.
|Today last price||9444.16|
|Today Daily Change||-214.96|
|Today Daily Change %||-2.23|
|Today daily open||9659.12|
|Previous Daily High||10027.5|
|Previous Daily Low||9479.72|
|Previous Weekly High||10307.33|
|Previous Weekly Low||9309.77|
|Previous Monthly High||9568.13|
|Previous Monthly Low||6856.63|
|Daily Fibonacci 38.2%||9688.97|
|Daily Fibonacci 61.8%||9818.25|
|Daily Pivot Point S1||9416.73|
|Daily Pivot Point S2||9174.33|
|Daily Pivot Point S3||8868.95|
|Daily Pivot Point R1||9964.51|
|Daily Pivot Point R2||10269.89|
|Daily Pivot Point R3||10512.29|
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