Bitcoin technical analysis: BTC/USD bears heading for test of critical support
|- Bitcoin price is trading in negative territory, down some 0.50% in the second half of the session.
- BTC/USD is back within-firm control of the market bears, running towards the fourth consecutive session in the red.
- The sellers managed to force a breach of a flag structure, inviting another round of selling.
BTC/USD daily chart
The next major critical zone of support can be seen running from $7000 down to $6500.
BTC/USD 60-minute chart
Price action is consolidating, moving within a bearish pennant structure, subject to a potential breach.
Spot rate: 7300.02
Relative change: -0.50%
High: 7412.20
Low: 7241.49
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