Bitcoin chart looks a bit more supportive today

As covered here yesterday, Bitcoin managed to poke its head above the 200 day moving average, but it was certainly not a very dynamic move and it blew out around 88,500. The fall that followed saw it drop back to just below 86,500 ahead of the wider US close. Well, undaunted it has tried the topside again today and that has delivered a high earlier, at 88,842. That high was once again above that 200 day moving average (in place right now at 88,353). Well, it has fallen back since and once again it looks like that 200 day moving average is pretty pivotal in terms of the immediate price action. That said, looking at the daily chart right now, the current configuration does suggest it might have some further upside traction today. If that is the case, the next resistance level of note is now in place at 90,907 (100 day moving average). The Asian low seen today was set at 86,901. BTC is right now at 88,340