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Bitcoin gets a boost from lower US yields and USD/JPY slide
Yesterday Bitcoin managed to reclaim the 96k handle, but struggled to make any progress much beyond 96,500. A later session fall back to just below 95,500 was reversed into the wider US close. That has led to further upside so far today and BTC has reclaimed the 97k handle earlier this morning. That rise has been helped by lower US yields and a lower dollar. Meantime, the noted 50 and 100 day moving averages are in place at 99,003 and 97,768 respectively. The high seen so far today, at 97,324 has stopped short of that 100 day moving average.That 100 day moving average is clearly still a potential resistance level. The low seen earlier today was set at 96,310. BTC is right now at 96,940
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