Bitcoin price extended its decline below USD 31,200, but the bulls defended heavy losses. BTC recovered from USD 30,800 and it is currently (05:00 UTC) trading above USD 31,500. However, the price is facing a lot of hurdles, starting with USD 32,400 and up to USD 34,500.
Similarly, most major altcoins are consolidating losses. ETH/USD is trading near USD 1,300, with a decent support at USD 1,275.