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Bitcoin technical analysis: BTC/USD large vulnerabilities with price trading under $10,000

  • Bitcoin  price in the session on Thursday is trading with losses of some 2.90%.
  • BTC/USD is now trading at seven consecutive sessions in the red, as the bears maintain control.  
  • The price trading under $10,000 creates much in the way of vulnerabilities for Bitcoin.

 

Spot rate:                   9865.98

Relative change:       -2.90%

High:                          10,182.54

Low:                           9606.35

 

BTC/USD daily chart

  • BTC/USD price is heading for its seventh straight session trading in the red.  

BTC/USD 60-minute chart

  • Price broke out from a narrowing range blog formation and is now consolidating within a bearish pennant structure.

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