BTC/USD has fallen to the low of $35,290 as it revisits the $34.4K low .The largest cryptocurrency is likely to further decline to another low of $33,855 as bears broke below the $37,727 support.
On May 4, the bulls broke the April 11 price level of $39,223 to reach the high of $40,046.
The cryptocurrency has lost the $37,727 support; there is a tendency for the market to reach the lows of $33,855 and $34,425 price levels.
Crypto platform Luno, which has a wider coverage in South Africa and the African continent has taken over the title sponsorship of the overall rankings.
According to report, the golfer that tops the Luno Order of Merit will receive 500,000 rand worth of BTC which is equivalent to $31,000, or 30,000 euros at the time of writing.
The retracement indicates that BTC will fall but reverse at level 1.272 Fibonacci extension or $35,279.00 price level.