Search ForexCrunch
  • Bitcoin price is trading in minor positive territory, up 0.30% in the second half of the session. 
  • BTC/USD bears are in full force driving the price towards its third consecutive session in the red.
  • Following eight sessions of consolidation, the bears are taking back control. 

BTC/USD daily chart

The breached $8500 support will now likely act as a touch barrier of resistance. 

BTC/USD 60-minute chart

Price action broke out to the downside of a bearish pennant, the bulls are making a push back above, with a retest of $8500 eyed. 

 

Spot rate:                8414.00

Relative change:     +0.30%

High:                        8430.19

Low:                         8217.48