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  • Bitcoin price is trading in negative territory, down some 2.70% in the second half of the session.  
  • BTC/USD daily price acting is moving within a descending channel structure.
  • The price is running towards its fourth consecutive session in the red.


BTC/USD weekly chart

The bears are pressing Bitcoin towards its third consecutive week in the red.  

BTC/USD daily chart


Price action is forcing a breakout below the game-changing $8000 mark, a closure below could be devastating.  


Spot rate:                 7,856.48      

Relative change:       -2.70%

High:                           8,114.53

Low:                           7,826.36