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  • Bitcoin  price is trading in the red, down some 1.75% in the second half of the session.  
  • BTC/USD is edging out from a bearish flag structure  via the daily chart view.  
  • Should the bears manage to break down $7800, a vital area of support, a fresh wave of selling pressure may follow.  


BTC/USD daily chart

The price has been stuck within the bearish flag for some three weeks now, edging towards a breakout.  

BTC/USD 60-minute chart

BTC/USD is falling within a steep descending channel structure  via the 60-minute view.  


Spot rate:                   7,937.44

Relative change:       -1.75%

High:                          8,117.35

Low:                           7,820.14