Bitcoin edges back from above 92,750 seen earlier this morning

Bitcoin hit a low at $78,225 last Friday and the price action then and since sure has delivered some wild moves. That fall took BTC below its 200 day moving average, then in place around 81,933 and almost certainly removed stops below that level. There is not going to be a recap of all that here since the last update and my absence, as it would simply require too much narrative and besides it is all water under the bridge really now. Suffice to say it has been a pretty wild ride. BTC rebounded and lifted just above 95k last Sunday only to slide back to 81,485 on Tuesday. The rebound yesterday saw it rise close to 91k. The price action overnight has delivered further gains. BTC reached a session high a short while ago, at 92,798. The earlier session low was set at 89,993. The 200 day moving average is still rising and in place this morning at 82,985 and seems unlikely to be tested again today. If that outlook changes, then you will read about it here. The topside is still covered by the 50 and 100 day moving averages (right now at 97,184 and 97,320 respectively). There will surely be more to add on this one before the day is out. BTC is currently trading at 92,030