Ken Chigbo
Independent Analyst
- Bitcoin price is trading in negative territory, down some 1.45% in the second half of the session.
- BTC/USD failed to break down chunky supply heading into the $8000 price territory.
- The price is running at three consecutive sessions in the red, following a bearish flag breach.
BTC/USD daily chart
The price has breached a bearish flag structure and is extending to the downside.
BTC/USD 60-minute chart
Price action via the 60-minute chart view has broken out to the downside from a pennant and is currently retesting.
Spot rate: 7300.02
Relative change: -1.40%
High: 7427.74
Low: 7161.94
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