Skip to main content

Bitcoin edging lower towards 65k again

As reported here, earlier today Bitcoin fell to a new interim low underneath 65k. The low point seen was set at 64,588. At the time of the last update it was trying to move back towards 66k, but in the event that rebound has seemingly stalled for now 65,825 and just now it is edging back towards 65k again. The lines of demarcation right now would seem to reside at the earlier Asian low and the 50 day moving average, now at 66,136. So, it remains to be seen which way this might break from here. As usual we might look to how the dollar performs this afternoon, in conjunction with US yields and the US stock markets, as to whether we have a risk on, or risk off move later today. Bitcoin is currently trading at 65,140
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!