Bitcoin price remained in a bearish zone below the USD 38,000 level and extended losses below the USD 35,500 support.
After a failed recovery attempt near USD 36,200, bitcoin price started a fresh decline.
On the downside, an initial support is near USD 34,000.
It is now consolidating near the USD 2,460 level and might face resistance near the USD 2,500 level.
On the downside, an immediate support is near the USD 2,400 level.
Many altcoins are in the red zone, including LUNA, AVAX, DOT, SHIB, MATIC, LTC, ALGO, LINK, APE, RUNE, KLAY, and AAVE.
Overall, bitcoin price declined heavily and traded below a major support at USD 35,500.