BTCUSD is finding some consolidation around 31500 area.
The support rests at 30812.80 with resistance at 32536.20 which the weekly pivot point at 33789.20 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The Stochastic is moving in low ranges, the RSI is moving below level 50. The MACD is moving in neutral territory and the ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a horizontal trend and the Kijun-sen is showing an upward trend.
The bearish pressure may push the price down towards 30000.