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  • Bitcoin price late in the session on Monday was under pressure down some 1.6%.
  • BTC/USD price extends to the downside following a breach of key ascending trend line support.
  • Given current downside momentum, there is a  risk of a potential retest of $3000 mark.    

 

Spot rate:                  3993.60

Relative change:       -1.60%

High:                         3976.98    

Low:                          3903.77

 

Trend:                        Bearish

 

BTC/USD 60-minute chart

  • Price trading within a big near-term demand zone, tracking from $3940 down to $3920 range.  

 

BTC/USD daily chart

  • Bears force a breach of a  key ascending trend line, which has been in play since early February.