Search ForexCrunch
  • Bitcoin  price is trading in the negative territory, down some 0.30% in the second half of the session.  
  • BTC/USD has extended to the downside from a bearish flag structure, vulnerable to greater moves south.  
  •  The big psychological  $7000 price mark is in the sights of the market bears.  


BTC/USD daily chart

The next major barrier of support is eyed as mentioned at $7000, should this be breached, then $5000 will come back into the picture.  

BTC/USD 60-minute chart

Price action is consolidating having formed a bearish pennant structure, subject to a breakout.  


Spot rate:                   7,452.69

Relative change:       -0.30%

High:                           7,497.58

Low:                            7,358.97