Tuesday, February 24—March bitcoin futures prices are lower in early U.S. trading Tuesday and not far above the recent contract low.
Bears have the solid overall near-term technical advantage as prices are in a downtrend on the daily bar chart. The path of least resistance for prices remains sideways to lower. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 1.5 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
