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Bitcoin edging higher this morning
Yesterday Bitcoin was unable to make any lasting progress. A brief rebound above 63k yesterday afternoon was not sustained into the wider US markets close last night. Earlier today it fell back to a low at 61,984. It has rebounded off that low this morning, reaching a high so far at 62,540. Well, as noted here yesterday the price action still remains sandwiched inside its 100 and 200 day moving averages (in place right now at 61,088 and 63,462 respectively). The high seen yesterday fell some $250 short of testing that 200 day moving average. So, for the time being its contained but the potential breakout levels are as you seem them here outlined. BTC is currently trading at 62,515
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