There is a strong bounce off the 37455 support following the intraday decline. A bounce off this support allows the bulls to make a recovery attempt towards the price wall at 40,500/42,000. Only a breakout above this critical price resistance enables bitcoin prices to recover towards 43570 initially, before 46,200, 47,500, and 50,000, in that order.

On the other hand, a drop below the 37,455 support allows for a further pullback towards 35,300, with 30,208 serving as a major downside barrier that prevents a price collapse towards 25,000 if it holds firm.