Bitcoin Pullback Nothing to Notice Yet

The price of bitcoin dipped below 100K briefly earlier today and to be it wasn't anything worth noticing.

Why do I say this? Because when I look at the monthly chart (see below) I expected price would touch and test the 10 period moving average before having any chance of making a move higher.

They key here is that price closes the month above the 10 period as it has done every other time on this uptrend. Right no price is just below it and testing that monthly trendline. Ideally we don't see price marinate below 100K very any extended period, otherwise we may end up with the end of that uptrend and overall indecision in price action.