Bitcoin price has slipped to a new two-week low in early Thursday trade after bearish news forced the cryptocurrency under the $9,700 level.
Bitcoin price is attempting to recover upside momentum after the number one cryptocurrency found strong support from the $9,400 level.
Short and medium-term technical readings are extremely overbought at present, leaving BTCUSD price open to large profit taking.
In this Bitcoin price analysis. BTCUSD remains technically weak in the short-term, with the number one cryptocurrency so far finding weekly support from the $7,400 level.