Bitcoin consolidates near $1000 gain seen so far this week

Yesterday the rise in Bitcoin saw the lead coin touch 94,600 after it extended the break above its 100 day moving average. However, it was not able to sustain the move and once again the reversal that came later, below 92k was seen coming into the 4pm London FX fix. A later rebound last night saw it reclaim 94k, but once again it has not been able to hold the move and the price action so far today has seen it drop back. The low seen earlier this morning was set around 92,425 not long ago. So, as you can see it remains camped above those two longer-term moving averages, but given the near $1000 dollar gain already this week from the lows on Monday, this looks like consolidation at this stage. BTC is right now trading at 92,725