- 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
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