Bitcoin drops back underneath 95k and closer to technical support

Well, perhaps it is not too much of a surprise to see that Bitcoin has fallen back now this morning. The lead coin has seemingly given up any earlier attempts to rise back above 97k and now dropped below 95k. The price action is not necessarily linked to anything else in particular, but the continued refusal to really make progress over the past couple of weeks is surely further evidence of exhaustion in the trend? The low seen so far has just now been set at 94,651 and that means it has dropped close to the noted 21 day moving average. That is in place right now at 94,228. As mentioned many times already, this moving average has capped the downside since November 6. So, as you can see it is pretty close to the prevailing price right now. Any drop below this from here on today could extend. We shall see if that happens, or not. BTC is currently trading at 94,790