Ken Chigbo
Independent Analyst
- Bitcoin price is trading in negative territory, down some 0.50% in the second half of the session.
- BTC/USD vulnerable to a fresh wave of selling pressure, with a critical near-term zone being tested.
- The price is running towards its third consecutive session in the red.
BTC/USD weekly chart
Critical weekly support to the downside is eyed back at the $7800 price territory.
BTC/USD daily chart
Should the bears breach $8500, it could prove to be very punishing.
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