Bitcoin technical analysis: BTC/USD sellers are knocking on the door of a devastating $8000 break
|- Bitcoin price is trading in negative territory, down some 0.70% in the second half of the session.
- BTC/USD vulnerable to a fresh wave of selling pressure should daily support at $8000 be broken.
- Price action is consolidating ahead of further potential committed moves to the downside.
BTC/USD daily chart
The critical $8000 mark is holding for now, as the bears continue to knock on the door.
BTC/USD 60-minute chart
Price action has broken out of a near-term bearish flag pattern via the 60-minute view.
Spot rate: 8,074.86
Relative change: -0.70%
High: 8,148.95
Low: 8,029.71
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