- Bitcoin price is trading marginally in the green, up some 0.10% in the second half of the session.
- BTC/USD continues to move within a bearish penannt structure, vulnerable to downside risks.
- Critical near-term support can be eyed at $8100 via the hourly, failure to hold may see the bears capitalize on the bearish structure.
BTC/USD daily chart
The price has been trading within the confinements of a bearish pennant since 25 September.
BTC/USD 60-minute chart
Bitcoin has broken above near-term resistance at the $8,000 mark and moving north of a descending trend line.
Spot rate: 8,215.20
Relative change: +0.10%
High: 8,344.20
Low: 8,152.46
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