Bitcoin choppy as confusion reigns

Yesterday, as stock markets crumbled, Bitcoin failed again to immediately act as a haven. It seems stops were tripped when the price fell below 63,500 and that led to a low at 62,244 after the wider European market close. The rebound that followed seemed to infer risk haven buyers finally came back to the fray, but the rebound stalled above 65,500 earlier today and it has fallen back again since. The price action is pretty tricky though and that is an honest appraisal. The one thing to note here today; is the 50 day moving average is now falling and dropping closer to the still rising 200 day moving average. That is not a welcome sign. The 50 day is currently at 63,054 and the 200 day is at 61,226. The range seen so far today has been covered by 63,620 and 65,584. BTC is currently trading at 64,180