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Bitcoin has a look above potential moving average resistance
Earlier today Bitcoin was making some progress, but was then yet to make a move towards or even above its 50 and 100 day moving averages. Well, since then it has lifted above both of those, at 66,389 and 66,409 respectively. The high seen a short while ago was set at 66,470. Now that could have removed some stops above the levels, but it is not clear if any such were in place. It has now backed off that high a little and it remains to be seen if there will be another push higher, or that move has done what it was intended to do? Bitcoin is currently trading at 66,390
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