Bitcoin slips back into negative territory as it eyes break below 10,600

The failure of Bitcoin to reclaim the 11k handle today has probably been its undoing and that might explain why it has now fallen back into negative territory on the day. The price has just dropped below 10,700 and could yet have a break below 10,600 in sight. As noted previously, a drop below 10,600 could open a path towards a technical objective at 10,250. The move lower in Bitcoin is not unique to the lead cryptocurrency because several other alt coins and other leaders also fall back now this afternoon as a degree of risk aversion seems to push US treasury bond prices higher again. Bitcoin is just now trading at 10,650