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  • Bitcoin  price is trading in negative territory, down some 0.70%  in the second half of the session.  
  • BTC/USD vulnerable to a fresh wave of selling pressure should daily support at $8000 be broken.
  • Price action is consolidating ahead of further potential committed moves to the downside.


BTC/USD daily chart

The critical $8000 mark is holding for now, as the bears continue to knock on the door.  

BTC/USD 60-minute chart

Price action has broken out of a near-term bearish flag pattern via the 60-minute view.  

Spot rate:                     8,074.86

Relative change:        -0.70%

High:                           8,148.95

Low:                            8,029.71