Bitcoin Technical Analysis: BTC/USD sellers are piling in after vital near-term support
|- Bitcoin price late in the session on Monday was under pressure down some 1.6%.
- BTC/USD price extends to the downside following a breach of key ascending trend line support.
- Given current downside momentum, there is a risk of a potential retest of $3000 mark.
Spot rate: 3993.60
Relative change: -1.60%
High: 3976.98
Low: 3903.77
Trend: Bearish
BTC/USD 60-minute chart
- Price trading within a big near-term demand zone, tracking from $3940 down to $3920 range.
BTC/USD daily chart
- Bears force a breach of a key ascending trend line, which has been in play since early February.
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