Bitcoin (BTC/USD) slumped early in today’s Asian session as the pair depreciated to the 32132.11 area after trading as high as the 34550 area during the European session, with the interday high representing a test of the 38.2% retracement of the depreciating range from 40440.95 to 31004.95. Traders drove BTC/USD as low as the 31700 area during the European session as market sentiment continues to remain bearish.