Bitcoin has been experiencing a dramatic bulk run since February of this year rising over 100%. Like any bull run one expects to see peaks and valleys along the way.
On may 30 the currency underwent a dramatic brief surge past $9000 only to be followed by a large correction across all crypto assets
A careful look at the pattern however indicates that BTC has actually formed a very bullish head and shoulders pattern that should after a few days or consolidation lead to a new surge upwards.
It is widely expected BTC will break the 10,000 psychological barrier coinciding with the traditionally bullish month of June.
Buy the dip?