In a recent interview, financial trader Max Keiser said,
"The only time when bitcoin can go up is when Wall Street wants a new asset class".
BTCUSD failed to hold above 20 day moving average of 37867.11 USD it's trading over 8% below 20 day moving average, over 5% down with huge selling pressure is approaching a critical psychological support level of 33000 USD, technical charts suggests strong selling opportunity.
Technical analysis and some Fibonacci retracements point to initial support level at 31053.67 USD,
levels. If Bitcoin price can't stay above the 33000 for week, it will drop to 31000 USD level or and can see a further decline to 30000 USD where and test next support level at 24082.94 USD.