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  • Bitcoin price in the second half of Monday is nursing steep losses of some 1.5%, as the price continues to lack any upside momentum.  
  • BTC/USD daily price action is narrowing greatly within a tight range-block, seen over the last four sessions.  
  • Given the narrowing/consolidation modes after the brutal fall between 24-25th April, vulnerabilities remain tilted to the downside.  

 

Spot rate:                 5134.85

Relative change:      -1.50%

High:                        5189.26

Low:                         5073.04

 

BTC/USD 60-minute chart

  • Price action via the 60-minute chart view appears to be a bearish flag pattern, subject to a breakout lower.  

BCH/USD daily chart

  • Price is running at its fourth consecutive session in negative territory, as the bears maintain control. The bullish pennant structure was not capitalized on by the bulls.