Monday, March 4

Bitcoin Price Drops Below $37,000, Bringing Downward Channel Pattern Back Into Play By Cointelegraph

©Reuters. Bitcoin Price Drops Below $37,000, Bringing a Descending Channel Pattern Back into Play

The cryptocurrency market is in the red again on February 2, as global financial markets continue to experience increased volatility.

Data from Cointelegraph Markets Pro and TradingView shows that after spending the morning hovering around $38,200, it was hit by a selloff that pushed its price to $36,800.

Daily chart of the BTC/USDT pair. Source: TradingView Here’s what various analysts and traders are saying about Wednesday’s price action and what areas to watch out for going forward.

Read the full article on Cointelegraph

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