Bitcoin Price Analysis: BTC/USD forms deadly daily evening star
|- Bitcoin price is trading in negative territory, down 7.50% in the second half of the session.
- The bulls failed to push for another close in the green after a two-session run higher.
- Heavy supply should be noted ahead of the psychological $7000 price mark.
BTC/USD daily chart
Price action formed a bearish evening star via the daily, which suggests a potential incoming fall.
BTC/USD 60-minute chart
The near-term range-bound nature of BTC via the 60-minute, suggests an incoming fall.
Spot rate: 6626.52
Relative change: -0.90%
High: 6795.00
Low: 6524.77
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