Bitcoin falling back towards technical support again right now

Bitcoin came close to the noted support on offer from the 200 day moving average yesterday. However, that held and BTC rebound back above 87k once more. Well, unlike Gold this morning, BTC is heading in the opposite direction, further endorsing the view here; that it is not digital gold and never will be. So, with the Asian stocks in the red and risk generally not in a great place heading into the weekend and month-end on Monday, BTC is under pressure once more. The low seen so far has been set at 85,814 and that 200 day moving average is in place right now at 85,652. So, as you can see, it is still rising. Meantime, that 50 day moving average is still falling and in place now at 89,378. The high seen earlier today was set at 87,720. BTC is right now at 85,690