Monday saw as much as a 4.5% dip before price came back. Tuesday has so far been worse. Will bitcoin bounce from the current level, or is the market to be given a more generous opportunity to buy bitcoin?
More downside to come?
The crypto market is in the red for the second day running. Monday registered a 2.3% pullback, and so far on Tuesday, the price is down a further 4.4%. Could this be the entire extent of this pullback, or is the market in for more downside?
CME gap still to be filled
Source: Coingecko/Trading View
On the daily chart it can be seen that the most recent dip for $BTC has only taken the price down to the main trend line that has been respected since early February. A bounce could happen here, but this still remains to be seen.
One scenario that still may be about to play out, is that there is a CME gap to be filled down at $64,100, which also happens to be a level of good support. It could be that the price wicks down through the trend line to this leve
We współpracy z: https://cryptodaily.co.uk/2024/04/bitcoin-btc-gives-another-dip-buying-opportunity
