Bitcoin Consolidation, Potential Daily Equilibrum

Bitcoin has had more consolidation this morning after losing the hourly and 4 hour higher low pattern. We are watching the 4 hour time frame to see if the bulls lose the 12 and 26 exponential moving average support as well as the middle bollinger band. Losing this support would point to more consolidation on the daily chart to potentially form a daily equilibrium pattern. Increasing bear volume on the shorter time frames is another clue that will point to daily consolidation. A daily equlibrium could see the bears push back down to the $9,000 range.