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  • Bitcoin price is trading in negative territory, down 0.10% in the second half of the session. 
  • BTC/USD is moving within a narrowing range as the price presently consolidates. 
  • Price action broke and closed below a critical supporting ascending trend line. 

 

BTC/USD daily chart

A critical daily zone of support should be noted at the range of $9600-9400. 

                     

BTC/USD 60-minute chart

Price action smashed out to the downside from a narrowing range-block formation, another can be observed currently via the 60-minute chart view. 

Spot rate:                 9,606.40

Relative change:      -0.10%

High:                         9,636.70

Low:                          9,483.82

 

 

Expert score

5

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