Bitcoin: Bearish, Eyes Further Downside…
As long as 3638 resistance holds on a daily closing basis, the BTCUSD remains on the downside to 3178 level. A halt is likely, it may test 3638 before another leg down. However; below 3178 aims 2895, further down, support comes at 2435 level.
On the upside, resistance comes at 3638 level. Above that level sees recovery threats to 3887 level. Above 3887 will extend the corrective recovery to 4381 level.
Conclusion: The BTCUSD sees downside threats below 3638 level.
Support: 3178, 2895, 2435, 2150
Resistance: 3638, 3887, 4381, 4750