The crypto-currencies showcase is grabbing a seat today after a solid run-up. Bitcoin is holding in the $9,300 territory at mid-morning subsequent to ascending as high as $9,500. The subtle $10,000 hindrance is in locate, however the walk towards it continues getting slowed down by anxious speculator pullbacks.
And it went down as expected, but it has nothing to do with "anxious speculator pullbacks" as it clearly shows in BTC's 4H chart that it has completey broken down from a descending triangle which is a bearish formation. In the short term BTC is looking Bearish as it also currently forming another bearish flag which could sent Bitcoin down to 8,600$ - 8,700$. RSI is still overbought and MACD is bearish but this could be just a temporary dip for BTC's successful run.
Dips like this shouldn't be worried about as it is a way to establish a more better run for BTC on its way back up to 10,000$, hoping for BTC to go back up now above to 10k will be a bad thing to hope for.