Bitcoin technical analysis: BTC/USD critical demand area being tested to the downside at $9000

• Bitcoin  price in the session on Thursday is trading with losses of some 3.15%.
• BTC/USD price action is testing a critical demand zone to downside to the downside.
• The psychological $9000 mark is at present being defended by buyers, a critical demand area.

Spot rate:                   9,420.25

Relative change:       -3.10%

High:                          9,716.85

Low:                           9,321.06

BTC/USD daily chart

• Price action is testing critical demand area to the downside at the $9000 territory.

BTC/USD 60-minute chart

• The price smashed out to the downside of a bearish pennant structure, opening the door to a stronger wave of pressure.