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  • Bitcoin price is trading in negative territory, down 1.90% in the second half of the session. 
  • BTC/USD is moving within a very tight range block, subject to a breakout. 
  • Vulnerabilities remain tilted to the downside given the price is trading under $7000. 

BTC/USD daily chart

Price action has done little over the last five sessions, tight trading conditions, ahead of the next committed move. 

BTC/USD 60-minute chart

The price has broken out of and retested a bearish flag structure, leaving the door open to greater downside. 

Spot rate:                6744.20

Relative change:     -1.92%

High:                       6938.64

Low:                        6689.37