Bitcoin cryptocurrency continued to edge lower against the US Dollar since last week. The pair has breached the $3500 mark during the previous week’s trading session.
From a technical point of view, the cryptocurrency is likely to continue its downside risk. The potential target for the BTC/USD pair will be at the $2500 mark during the following trading sessions.
However, given that the blockchain is near a resistance level formed by the upper boundary of a descending channel pattern, a breakout could be expected within this session.
