Bitcoin technical analysis: BTC/USD consolidation a potential sign ahead of further falling
|- Bitcoin price is trading in positive territory, up some 1.20% in the second half of the session.
- BTC/USD remains vulnerable to further downside pressure, as the price consolidates for now.
- Critical daily support should be noted at $6800, failure to hold could make way for more selling.
BTC/USD weekly chart
The price is running towards its fourth consecutive week in the red, with a lack of slowdown signs.
BTC/USD daily chart
The price could now likely have some issues being stuck between two critical areas, $7500 resistance and $6500 support.
Spot rate: 7259.80
Relative change: 1.20%
High: 7370.58
Low: 7044.04
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