Bitcoin reversed from resistance zone
• Likely to fall to support level 34000.00

Bitcoin cryptocurrency recently reversed down from the resistance zone lying between the key round resistance level 40000.00 (former strong support, which has been reversing the price from the middle of September, as can be seen from the daily Bitcoin chart below) and the 50% Fibonacci correction of the sharp downward impulse from the start of this year.

Given the strength of the active downward impulse and the continued bearish sentiment seen across the crypt markets today – Bitcoin cryptocurrency can be expected to fall further toward the next support level 34000.00 (which stopped the previous waves 5 and (C)).