Bitcoin has a look back above 55k today

On Friday the drop below the noted support at 55,255 extended to below 53k ahead of the wider US market weekly close. That fall saw BTC drop to a low at 52,598 and in the process it breached a noted support level at 52,945. However, it managed to rebound in weekend trading from there and climbed briefly back above that 55,255 level earlier this morning. The high seen was set at 55,363, but it has since fallen back and the low set a short while ago was at 54,585. So, in essence and for the time being the range is covered inside those two noted levels (55,255 and 52,945). Beyond that, both the 50 and 100 day moving averages have continued to fall and endorse the golden cross break below the 200 day moving average. It is worth noting here; that those two moving averages have not traded below the 200 day since the end of October last year. Bitcoin is currently trading at 54,735