- 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%