Bitcoin falls back from weekend highs

On Friday Bitcoin came close to a highlighted technical support level, at 53,395 (lower now today and in place at 53,150). The low point seen was set at 53,602. Well, of course that trend line support held and BTC lifted into the weekend. The rise extended on Saturday and delivered a move to a high at 57,281. However, it has given a fair amount of that gain back today. BTC has fallen to a low 54,313 a short while ago, but it is trying to lift again just now. The 200 day moving average is in place today at 58,675 and it is the break below that level which has lead the lead coin lower in the first place. All the whole the price action remains below that level then players may look to sell rallies, as has been the case for the past few days. Bitcoin is currently trading at 55,415