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  • Bitcoin  price is trading marginally in the green, up some 0.55% in the second half of the session.  
  • BTC/USD continues to trade within the confinements of a bearish flag pattern.  
  • The bears are testing the lower acting support of the above-noted structure.  


BTC/USD daily chart

The price has been stuck within the bearish flag for some three weeks now, edging towards a breakout.  


BTC/USD 60-minute chart

BTC/USD has broken out from a near-term range-block formation, which is subject to a retest.  


Spot rate:                   7,983.91

Relative change:       +0.50%

High:                          8,112.06

Low:                           7,939.99