Bitcoin (BTCUSD) was in a free-fall after China Moves to Halt Exchanges. It found support during the 9/15 session, not surprisingly at a previous resistance pivot.BTCUSD Daily Chart(click to enlarge)Anticipating Consolidation:- The overall trend of Bitcoin has been bullish in 2017. There was a period of consolidation between June and August, and then price surged again.- I think the sharp slide recently suggests another consolidation period ahead. - Maybe the rebound from around 3000 is establishing a consolidation low.- Now as far as resistance, we can start looking at the immediate pivot around 3610. I think we should limit bullish expectation of today's bounce to this area aroudn 3600.- However, if the volatility is high, we can even see price push back towards 4000, but I would limit the upside expectation to that for now because this recent slide is tremendous and we should respect its bearish implication.