Bitcoin technical analysis: BTC/USD bears testing big daily supporting trend line; a breach would be catastrophic
|- Bitcoin price on Thursday in the second half of the session is nursing losses of some 3.35%.
- BTC/USD bears are testing a critical ascending daily trend line of support.
- Should the above noted be breached, the price could very well fall back down below $10,000.
Spot rate: 11,750.00
Relative change: -3.35%
High: 12,098.97
Low: 11,175.81
BTC/USD 60-minute chart
- Price has recently been saved from further bloodshed for now, by near-term ascending 60-minute trend line.
BTC/USD daily chart
- The critical daily trend line is being tested to the downside, failure to hold could call into action $10,000.
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