Bitcoin (BTC) fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued.

BTC/USD 1-hour chart. Source: TradingView$33,000 becomes do-or-die BTC price level

Data from Cointelegraph Markets Pro and TradingView showed BTC price behavior challenging intraday lows.

The largest cryptocurrency had attempted to push higher still the day prior, but sell-side pressure ensured that $35,200 remained untouched as a ceiling.

“We are going to have to wait for some candles to develop to see what the next move is, but we can gain some insight by continuing to monitor liquidity placement in the order book,” monitoring resource Material Indicators wrote in part of…

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