Bitcoin technical analysis: BTC/USD bears testing big daily supporting trend line; a breach would be catastrophic

• Bitcoin price on Thursday in the second half of the session is nursing losses of some 3.35%.  
• BTC/USD bears are testing a critical ascending daily trend line of support.
• Should the above noted be breached, the price could very well fall back down below $10,000.  

Spot rate:                  11,750.00

Relative change:       -3.35%

High:                         12,098.97

Low:                          11,175.81

BTC/USD 60-minute chart

• Price has recently been saved from further bloodshed for now, by near-term ascending 60-minute trend line.  

BTC/USD daily chart

• The critical daily trend line is being tested to the downside, failure to hold could call into action $10,000.