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  • Bitcoin  price is trading in the minor negative territory, down some 0.10% in the second half of the session.  
  • BTC/USD is still within the confinements of a bearish flag structure  via the daily chart view.  
  • Upside is largely capped by resistance at $8500, the upper acting trend line of the noted pattern.  


BTC/USD daily chart

The price has been stuck within the bearish flag for some three weeks now, failing to demonstrate momentum  to breakout.  

BTC/USD 60-minute chart

Price action via the 60-minute chart view is narrowing after a decent push north, but bullish momentum may have run out of steam here.  

Spot rate:                   8,230.72

Relative change:       -0.10%

High:                           8,294.74

Low:                            8,201.35