After the bearish impulse of April 11, BTC/USD consolidates between levels $37.7K and $42.2K .For the past two weeks, the BTC price has been making a series of lower highs and lower lows.
On the downside, if the bears break below the $37,727 support, Bitcoin will sink to the low of $34,000 price level.
On the other hand, if the BTC price rebounds above the current support, the crypto will rally above the moving averages.
According to the spokeswoman, Goldman has lent cash collateralized by Bitcoin owned by the borrower for the first time in history.
To acquire such a loan a Bitcoin holder must borrow fiat currency such as the United States dollar by fronting up to their BTC as collateral to the bank.
Meanwhile, Bitcoin has continued to fall to the downside but trades marginally between levels $37.7K and $42.2K.