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  • Bitcoin price is trading in positive territory, up 0.85% in the second half of the session. 
  • BTC/USD is flirting with the lower acting trend line of a possible bear flag. 

  • Vulnerabilities remain tilted to the downside given the price is trading under $7000. 

BTC/USD daily chart

Price action is moving within a bearish flag structure via the daily chart view at risk of a breakout to the downside. 

BTC/USD 60-minute chart

Price action is narrowing via the hourly view, capped by supply around the $6900 area. 

 

Spot rate:                6921.85

Relative change:     +0.85%

High:                       6972.35

Low:                        6772.07