Bitcoin has a close look at 100k today

On Friday Bitcoin got close to the 99k handle and on Saturday the price action saw it edge back towards 98,500. On Sunday BTC slipped a little further, dropping back to a low at 97,270. The rebound from that low today has seen it now take out 99k and push close to that coveted 100k level once more. The high seen so far this morning has been set at 99,871. The fact that US yields have lifted, as just noted in the previous update, does not seem to have hampered BTC so far. The 50 day moving average has generally capped the price action on the downside since last week and it is in place right now this morning at 97,393. That looks like the first line of support and of course 100k is the likely first line of resistance this morning. Bitcoin is currently trading at 99,530