Bitcoin has some difficulty around the 8000 level which apparently is good for alts at the moment. I don't see this as a bad sign though. After such a big run btc needs some time to breath before we can continue higher. I see to possible scenarios from here;
First i think we are going to retest the 7500 area. Which seems like a strong support at the moment. If this happens we would have completed a head and shoulders pattern. Maybe this means the we could get a bigger correction and a retest of the 6800 area.
Second, if we don't break the 7500 area at the next retest there is a strong change in my opinion that btc will go to 10k pretty soon.
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