Eyes are on bitcoin as it risks falling below $100,000.
It’s at the lows of the day, down about $1000 to $100,900, touching just below yesterday’s low. I don’t like the look of that head-and-shoulders on the hourly chart but $100,000 isn’t the really important support level lately as it tested and held $99K twice last week.
In any case, the pressure on BTC is a bad omen for tech and particularly chipmakers.
This article was written by Adam Button at investinglive.com.
