On our analysis yesterday we indicated that we were long Bitcoin however we are concerned that the market has not significantly bounced back after it fell below the $10,000 psychological level towards $9,500. Bitcoin is now struggling to move towards the $10277 resistance level and has recently formed a descending triangle pattern as sellers are willing to go lower whilst buyers stay at the same level. Therefore we are changing our view from "buy" to "neutral" and will look increase to our position below $9000 if price falls further.