Bitcoin price is trading marginally in the red, down some 0.65% in the second half of the session. BTC/USD remains within the confinements of a bearish flag pattern. Critical daily support should be noted at $7800, failure to hold could be punishing. BTC/USD is range-bound amid growing bearish sentiments. A sustainable move below $8,050 will take the price to $7,800. Bitcoin (BTC) cannot escape a narrow range of recent days. At the time of writing, BTC/USD is changing hands marginally below $8,300 level, little changed both on a day-on-day basis and since the beginning of the day. During early Tuesday hours, BTC/USD ventured a move above $8,400 and touched the intraday high of $8,417. However, the momentum faded away and the coin slipped back below $8,300 by press time. There are a few technical levels both below and above the current price, though the move to the South looks like a path of least resistance.