Ken Chigbo
Independent Analyst
- Bitcoin price is trading in positive territory, up 0.85% in the second half of the session.
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BTC/USD is flirting with the lower acting trend line of a possible bear flag.
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Vulnerabilities remain tilted to the downside given the price is trading under $7000.
BTC/USD daily chart
Price action is moving within a bearish flag structure via the daily chart view at risk of a breakout to the downside.
BTC/USD 60-minute chart
Price action is narrowing via the hourly view, capped by supply around the $6900 area.
Spot rate: 6921.85
Relative change: +0.85%
High: 6972.35
Low: 6772.07
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