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  • Bitcoin  price is trading in negative territory, down some 1.50%  in the second half of the session.  
  • BTC/USD vulnerable to a fresh wave of selling pressure should daily support at $8000 be broken.
  • Price action is largely tilted to the downside, as the sellers maintain control.


BTC/USD daily chart

The bears are testing the psychological  $8000 mark to the downside. Failing of this holding could see a fast fall down to $7300 and then $7000.  

BTC/USD 60-minute chart

An extended move to the downside came as the bears broke out of a bearish pennant structure via the 60-minute.  


Spot rate:                     8,074.86

Relative change:        -1.50%

High:                           8,196.38

Low:                            7,990.61