Bitcoin extends losses below noted trend line support

Late yesterday evening Bitcoin came under fresh selling pressure that pushed the lead cryptocurrency back towards 35k. Earlier in the day it had really failed to make much headway and the eventual fall below the noted trend line support has resulted in further downside during the Asian session today. The drop has taken Bitcoin down to as low as 32,450 so far. The fall of over $2000 below the noted support level is a good testament of how important that price point was. Furthermore, it was stated here yesterday that the risks were all to the downside and so the move lower today is not a surprise. The next key level is now in place around 30k and it remains to be seen if that will be the next shoe to drop. For sure, there will be much more to add on Bitcoin as the day unfolds. Meanwhile, it is currently trading at 32,960