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  • Bitcoin price is trading in positive territory, up some 3.60% in the second half of the session.  
  • BTC/USD has aggressively been pushing to the downside since 27 October.  
  • The price remains at risk of falling to the next major demand area at $5000.  


BTC/USD weekly chart

The price is running towards its fourth consecutive week in the red.  

BTC/USD daily chart

Price action is moving within a critical demand zone, $7300-6900, a break could invite a fresh wave of selling.  

Spot rate:                   7156.42  

Relative change:       +3.60%

High:                           7276.19

Low:                           6,526.81