Bitcoin technical analysis: BTC/USD bears have forced a devastating daily closure below flag pattern
|- Bitcoin price is trading in minor positive territory, up some 0.35% in the second half of the session.
- BTC/USD price action broke out and closed below a bearish flag via the daily chart view.
- The next major daily support is eyed at psychological $7000 down to $6800 range.
BTC/USD 60-minute chart
Price action is moving within a near-term bearish flag structure, to suggest another break south may be around the corner.
BTC/USD daily chart
The price is trading just below a bearish flag structure, which leaves it vulnerable to further potential downside for now.
Spot rate: 7,387.68
Relative change: +0.35%
High: 7266.01
Low: 7177.92
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