Ken Chigbo
Independent Analyst
- Bitcoin price is trading in the minor positive territory, up some 0.35% in the second half of the session.
- BTC/USD continues to move within the confinements of a bearish flag structure via the daily chart view.
- The narrowing range conditions are growingly subject to a breakout, it remains unclear in terms of the imminent trend.
BTC/USD weekly chart
The price has been moving within the range of $8500-8000 for going on four weeks.
BTC/USD daily chart
Price action via the daily remains subject to a potential breakout south, given the flag structure.
Spot rate: 8,247.15
Relative change: +0.35%
High: 8,294.74
Low: 8,201.35
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