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Bitcoin technical analysis: BTC/USD $10,000 vulnerable to bear attack again

FX Street
Published date:
  • Bitcoin  price in the session on Wednesday is trading with minor losses of some 0.30%.
  • BTC/USD is running at six consecutive sessions in the red, after a failed attempt to break out from the triangular structure.  
  • The big pychological $10,000 mark is vulnerable to downside, given current pressure from the bears.  

 

Spot rate:                   10,161.53

Relative change:       -0.93%

High:                          10.269.74

Low:                           10,163.64

BTC/USD daily chart

  • BTC/USD price remains on the back foot as the market bears maintain control, as the price falls for six consecutive sessions.  

BTC/USD 60-minute chart

  • Price action is testing a key near-term ascending trend line of support ahead of a $10,000 retest.  

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