Home Bitcoin Price Analysis: BTC/USD could be in deeper trouble
Crypto News

Bitcoin Price Analysis: BTC/USD could be in deeper trouble

  • Bitcoin price is trading in negative territory, down 1.50% in the second half of the session. 
  • BTC/USD has been largely under pressure, with the bears maintaining control to the downside. 
  • The price has been falling for three consecutive sessions now. 

 

BTC/USD daily chart

Daily support should be noted at $9100, failure to hold could invite a fresh wave of selling pressure.                  

BTC/USD 60-minute chart

Price action has broken out of a bearish pennant structure via the 60-minute chart view. 

 

Spot rate:                 9067.90

Relative change:      -2.60%

High:                        9366.62

Low:                         9008.61

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.