Bitcoin price failed again to clear the $35,000 resistance against the US Dollar. BTC started a fresh decline below $34,000 and it remains at a risk of more downsides. Bitcoin started a fresh decline after it failed to settle above the $35,000 resistance zone. The price is now trading below the $33,500 support.
The short term trend bias is down with the pattern still hinting for a drop along 31231, testing previous swing lows. Sustained action under 31231 could fuel selloffs ⇒ 28934. Trade should find resistance against 35960 to maintain pressing bear forces.