After another mixed day for the crypto majors on Wednesday, it’s been another bearish morning for Bitcoin and the broader crypto market.
At the time of writing, Bitcoin, BTC to USD, was down by 4.79% to $33,382.4. A mixed start to the day saw Bitcoin rise to an early morning high $35,069.0 before hitting reverse.Falling well short of the first major resistance level at $35,965, Bitcoin slid to a mid-morning intraday low $33,124.0.The early sell-off saw Bitcoin fall through the first major support level at $34,294 and the second major support level at $33,526.
Key through the early hours was avoiding sub-$33,000 levels that would have brought the third major support level at $28,855 into play.
At the time of writing, Bitcoin, BTC to USD, was down by 4.79% to $33,382.4. A mixed start to the day saw Bitcoin rise to an early morning high $35,069.0 before hitting reverse.Falling well short of the first major resistance level at $35,965, Bitcoin slid to a mid-morning intraday low $33,124.0.The early sell-off saw Bitcoin fall through the first major support level at $34,294 and the second major support level at $33,526.
Key through the early hours was avoiding sub-$33,000 levels that would have brought the third major support level at $28,855 into play.