Bitcoin price is correcting gains from well above $35,000 against the US Dollar. BTC is approaching a major suppot near $32,350, where the bulls might take a stand. Bitcoin started a downside correction from the $36,650 zone. The price is now trading below $34,500. There is a key bearish trend line forming with resistance near $33,800.
Overall the market is bearish positioned for declines to test under 31122. A close under 31122 warns for a wash towards the 28545 low. Any congestion trapped to the lower half of yesterday’s range will remain aligned for selloffs.