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  • Bitcoin  price is trading in negative territory, down some 0.90%  in the second half of the session.  
  • BTC/USD has aggressively  been within the control of the bears since 27 October.  
  • A rejection at $7500, strong daily resistance, could prove to be punishing.  


BTC/USD weekly chart

The price is running towards its fourth consecutive week in the red, following a failure to hold the $10,000 mark.  

BTC/USD daily chart

The price could now likely have some issues being stuck between two critical areas, $7500 resistance and $6500 support.



Spot rate:                   7072.26

Relative change:       -0.70%

High:                           7341.33

Low:                            7023.51