Bitcoin under pressure again

Yesterday it was noted here; that Bitcoin was eyeing a break of the 10,600 level and once that message was conveyed, it was not long before the lead cryptocurrency did as was envisaged, and took a dip below that level. The drop did not extend to the noted 10,250 level and stopped short around 10,425 before later rebounding again. However, the price is lower again this morning as the risk averse tone impacts all markets including the crypto sphere. Bitcoin has back to as low as 10,387 this morning and it would not take much to deliver further downside right now. If that does unfold, then under the current circumstances the move lower may not stop at 10,250 and could extend beyond any support in place at 10,000. That remains to be seen. On the tops side, only a break back above 11k from here is likely to alter the immediate directional momentum. Bitcoin is just now trading at 10,463