- Bitcoin price is trading marginally in the red, down some 1.55% in the second half of the session.
- BTC/USD remains confined within a narrowing range block formation via the daily view.
- The barrier at $8500 is holding firm not allowing upside to pass-through.
BTC/USD daily chart
The price over the nine sessions has remained narrow, the range low down at $7700 to the upside at $8500.
BTC/USD 60-minute chart
A lack of commitment observed via the 60-minute chart view, ranging price action continues.
Spot rate: 8,251.92
Relative change: -1.55%
High: 8,257.90
Low: 8,210.37
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