Bitcoin technical analysis: BTC/USD vulnerable to fresh wave of selling
|- Bitcoin price is trading in positive territory, up some 1.30% in the second half of the session.
- BTC/USD vulnerable to a fresh wave of selling pressure, as key support is being breached.
- Next major support to the downside would be back within the $7000 price territory.
BTC/USD weekly chart
The bears will be pushing for a retest of the next major weekly support zone at $7800.
BTC/USD daily chart
Daily price acting is breaking down critical near-term support seen at $8700.
Spot rate: 8,993.28
Relative change: -1.40%
High: 8,785.94
Low: 8,558.73
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