- Bitcoin price is trading in negative territory, down some 4% in the second half of the session.
- Near-term price action has smashed out from a bearish flag structure.
- BTC/USD is subject to further downside pressure should critical support be breached.
BTC/USD weekly chart
The price is testing critical weekly support to the downside seen at the $9000 price mark, which the bears are at present in control of driving deeper below.
BTC/USD daily chart
Daily price action is lost much upside momentum, following failure to break down supply at $9500.
BTC/USD 15-minute chart
Spot rate: 8,993.28
Relative change: -2.25%
High: 9,247.27
Low: 8714.48
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