After opening the Asia-Pacific session at $38,856, the BTC/USD exchange rate dropped 6.11 percent. Bitcoin is attempting to create a $37,000 funding level. Near its 200-day simple moving average, the Bitcoin/USD pair ran into high resistance, The blacked-out "key retest" amount, is essential in determining Bitcoin's short-term market level. According to a portfolio management and analytics firm, the Bitcoin market is on the verge of experiencing the "worst crypto winter" in its twelve-year history.