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  • Bitcoin price is trading in positive territory, up 0.50% in the second half of the session. 
  • BTC/USD remains at risk to further downside as the price beached the psychological $9000. 
  • The noted key prior support, is now likely to act as a stubborn resistance area. 

 

BTC/USD daily chart

The next major daily demand zone eyed at a range of $8,400 – 8,000. 

BTC/USD 60-minute chart

Near-term price action is moving within a bearish flag structure via the 60-minute. 

 

Spot rate:                 8835.61

Relative change:      +0.50%

High:                        8939.20

Low:                         8519.63