RATE Group | BTC/USD could see fast run to $5000
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BTC/USD could see fast run to $5000

13 Dec BTC/USD could see fast run to $5000

Posted at 15:50h in Bitcoin News by

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  • Bitcoin price is trading in positive territory, up some 0.35% in the second half of the session. 
  • BTC/USD price action is extending to the downside after it breached and closed below a bearish pennant via the daily chart view,.
  • The price may be heading for its fifth consecutive session in the red, as the bears maintain control. 

 

BTC/USD weekly chart

The price is still running towards another weekly close in the red, as the $7000-6800 critical zone remains at risk of a breach. 


 

BTC/USD daily chart

Given the breach earlier in the week out from a bearish pennant, vulnerabilities remain tilted to the downside. 


 

Spot rate:                  7213.45

Relative change:      +0.35%

High:                          7240.65

Low:                           7182.44

 

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