Following a move to $32,000 earlier in the week,BTCwas fighting to hold above $29,000 in Tuesday’s session. The red wave that caught the bitcoin bulls also overcameETHwhich, as of this writing, has pushed prices down nearly 8%.
After a strong start to the week, bitcoin traded lower again as the price fell below the $30,000 mark.
Tuesday saw SerovBTC/USD fall to an intraday low of $29,311.68, more than 7% lower than yesterday’s peak of $31,693.29.
After breaking through the $30,500 ceiling on Monday, price failed to penetrate the high resistance point at $31,550, the bear entry point.