After breaking the daily equilibrium pattern we have been watching Bitcoin has pulled back. We are seeing healthy consolidation and watching a tightening pattern on the hourly chart. The bulls want to see a continuation of the higher highs and higher lows on the hourly chart as they try to push toward $10,000 with support of the 12 and 26 exponential moving average as well as the middle bollinger band. A loss of the higher low pattern on the hourly chart will lead to consolidation on the 4 hour chart. Ethereum continues to be the lead bull.
Hourly Chart:
