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Bitcoin edges back from above 67k

Yesterday the rebound in Bitcoin gradually saw the lead coin lift and the recovery back above 66k has helped to reach above 67k earlier today. The high seen was right at the start of Asian trading, when it peaked at 67,251. It has since backed away from that high though. The rise above the 21 day moving average (now at 66,205) has helped to deliver some further upside and the next level of note from here on is the 50 day moving average. That was noted here yesterday and today it is in place at 67,371. So, as you can see, the earlier high today stopped just short of that level. So, this is a barrier that remains in place for the time being. The low today since that earlier high has been set at 66,228. As you can also see the 21 day moving average is acting as support. So, Bitcoin seems stock between these two levels for the time being, currently trading at 66,527
 

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