- 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
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