If the bears remain in action, the price could drop to USD 39,000.
XRP is struggling to stay above the USD 0.720 support zone while ADA is testing the USD 0.90 support zone.
After another rejection above USD 40,800, bitcoin price started a fresh decline, moved below the USD 40,000 pivot level, and broke the USD 39,500 support level.
An immediate resistance on the upside is near the USD 40,500 level.
If there is an upside correction, the price might face resistance near the USD 3,050 level.
Many altcoins are in the red zone, including LUNA, AVAX, DOT, SHIB, MATIC, LINK, FIL, WAVES, EOS, UNI, BCH, ETC, XLM, and ICP.
Overall, bitcoin price is still struggling to clear the USD 41,200 and USD 41,500 resistance levels.