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  • Bitcoin  price is trading marginally in the red down some 0.20% in the second half of the session.  
  • BTC/USD price is trading in between two key zones, resistance to the upside at $9000-500 range, to the downside $7500 big support.
  • The price is gradually giving back its 2019 gains, trading at lowest levels since June.  

 

BTC/USD daily chart

Price action is subject to further downside pressure, following the critical $9000 bottom area being breached earlier in the week.  

BTC/USD 60-minute chart

The price is narrowing via the near-term view, as it consolidates, ahead of a further committed move, which appears to be stacked in the favour of market bears.

 

Spot rate:                   8439.4

Relative change:       -0.20%

High:                          8446.54

Low:                           8321.16