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  • Bitcoin  price is trading marginally in the red, down some 0.65% in the second half of the session.  
  • BTC/USD remains within the confinements of a bearish flag pattern.  
  • Critical daily support should be noted at $7800, failure to hold could be punishing.  


BTC/USD daily chart

The price does remain vulnerable to downside risks, given the bearish flag formation.  

BTC/USD 60-minute chart

 Price action is moving within a narrowing range block, subject to a potential breakout south.  


Spot rate:                   8,305.77

Relative change:       -0.65%

High:                          8,417.41

Low:                           8,266.02