Bitcoin fails to break $10k

After an impressive bull run since the 12 April BTC has kissed the psychological resistance level of $10k.

Currently we are going for a dip after being rejected from $10k and have dipped as low as the$9,300's. At this stage there does not seem to be much solid support until $8,800. It is likely that we stay around the$9k mark for a while before we see continuation or a bounce.

As a result it form the looks of coin market cap all the most of the alts have taken the dive with BTC.

Bitcoin weekly EQ

If we take a look at the weekly time frame there is a possibility for an EQ pattern to be forming for Bitcoin and I am watch our rejection of $10k closely to see if we have potentially set our weekly higher low.

#notfinancialadvice

Peace

Tom