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  • The BTC/USD market continues its bearish momentum from the last three days as the $3,575 support line gets breached.
  • The bulls need to defend the critical $3,500 to prevent further downward momentum.

Bears continue their domination of the BTC/USD market as price goes below the $3,575 support line on market speculation. The bulls need to defend the critical $3,500 support line to prevent any further downtrend. The bears don’t seem to have the momentum necessary to break the market below $3,500.

BTC/USD daily market

The BTC/USD bears have breached past the $3,575 support line. The bears have taken over the market for the last four days and they will be aiming to breach the $3,500 support line. To reverse the market momentum, the bulls will need to breach past resistance at $3,575 and creep the market towards the $3,700 resistance line.