A single bitcoin BTCUSD, -0.38 % was
trading at $ 4,059.29 late in the session,
trading only slightly lower on the day, but down nearly 10 % since climbing above an
intraday record at $ 4,500 last week, according to Coindesk.com.
Bitcoin price is developing a bull flag pattern on the
intraday chart which means that an upside momentum above $ 8,300 would be a signal of the relief rally from the lows
recorded on Wednesday of $ 7,665; open the gates for the price to
trade above $ 9,000 again.