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  • 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