Bitcoin finally makes a break above 200 day moving average

Earlier today Bitcoin finally made a move above its 200 day moving average which is something it has avoided for several days now. The push above recent highs around 58,250 was the driver for a further rise and the the price action accelerated once it busted above an interim double top around that level. The move above the 200 day moving average also seemed to trip stops. That is in place this morning at 58,825 and the high seen when that was taken out was set at 59,450 The earlier session low, set before the upside break out was at 57,362. Bitcoin is still holding above that 200 day moving average as the European markets get underway this morning. BTC is currently trading at 58,960