Ken Chigbo
Independent Analyst
- Bitcoin price is trading in negative territory, down 0.20% in the second half of the session.
- BTC/USD is trading below the big $7000, suggesting vulnerabilities to the downside.
- The price continues to trade underneath a breached bearish flag structure.
BTC/USD daily chart
The price is on the decline, with Bitcoin running at two consecutive sessions in the red.
BTC/USD 60-minute chart
Near-term price action was narrowing within a bearish pennant structure via the 60-minute chart, of which the bears have breached.
Spot rate: 6828.94
Relative change: -0.20%
High: 6923.21
Low: 6775.73
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