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Bitcoin backs off below 21 day moving average again

Yesterday Bitcoin did rebound back above its 21 day moving average and that move see it eventually rise further into the wider US close, as the US dollar remained under pressure and US yields remains suppressed. Bitcoin rose further earlier today, reaching a session high at 43,815. However, in more recent trading it has been falling back again and dipped below the 34k handle and the 21 day moving average once more. The lack of real traction, given all that surrounds it right now can only be described as disappointing. The low seen a short while ago was set at 42,840. The 21 day moving average is in place right now at 42,988. BTC is currently trading at 42,885

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