Bitcoin price failed to surpass the USD 38,500 resistance level and corrected lower. BTC declined below USD 37,000 and it is currently (04:45 UTC) consolidating above USD 36,000. If there is a downside break below USD 35,500, the price could accelerate lower.
Most major altcoins are showing positive signs. ETH is up 4% and it seems like the bulls are aiming for an upside break above USD 2,800.