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  • Bitcoin price is trading in negative territory, down 0.70% in the second half of the session. 
  • BTC/USD is at risk to another wave of downside pressure, following ascending channel breakout.
  • Critical daily support should be noted around the $9500-400 price area. 

 

BTC/USD daily chart

The price is flirting with a game=changing area, $9500-400. Failure to hold could prove to be very punishing for BTC.

                     

BTC/USD 60-minute chart

The significance of the above-noted support range can be seen via the 60-minute, as an important zone of support.

 

Spot rate:                 9585.75

Relative change:      -0.75%

High:                        9680.16

Low:                         9490.57