Bitcoin BTC Technical Analysis: BTC/USD can not comfortably break down $4000

Bitcoin BTC Technical Analysis: BTC/USD can not comfortably break down $4000

Bitcoin on Thursday was seen nursing very minor losses of some 1.5% in the latter part of the session. BTC/USD bulls are struggling to breakdown the supply heading into the $4000 price territory. Spot rate: 3889.81 Relative change: -1.53% High: 3984.82 Low: 3869.07 Trend: Bearish Price action moving within a descending channel formation contained within.