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  • Bitcoin price is trading in the red, down marginally be some 0.65% in the second half of the session. 
  • BTC/USD remains within consolidation mode, as price action continues to narrow. 
  • Price action is moving within a narrowing pennant structure, subject to a potential breakout south.

 

BTC/USD daily chart

Conditions remain very much tight as the price moves within a bearish pennant pattern. 

BTC/USD 60-minute chart

Price action via the 60-minute chart view is moving within a bearish pennant structure. 

Spot rate:                  7150.86

Relative change:      -0.65%

High:                         7525.12

Low:                          7073.13