- Bitcoin price is trading in the negative territory, down some 2.30% in the second half of the session.
- BTC/USD bounced at critical weekly support $8000, which attracted some renewed buying momentum.
- The bulls are testing the upper acting trend line of a weekly bullish flag structure.
BTC/USD weekly chart
BTC/USD price action via the weekly chart view is moving within a bullish flag structure, subject to a breakout higher.
BTC/USD daily chart
The bulls are attempting to breakdown heavy daily supply within the $9500 price region.
Spot rate: 9,464.71
Relative change: +2.70%
High: 9,500.17
Low: 9,363.25
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