Bitcoin higher, but gains stall in Asia today

Yesterday Bitcoin hit a low at 74,590 during the Asian session. It was already on the rebound back above 78k, when the Trump tariff delay sent US stocks surging. That saw BTC jump back above 80k and above 82k ahead of the wider US close. Earlier today it lifted to 83,570, but as with Gold and US stock futures, it has backed away from that high now. Looking at the technical picture we can see the 50 day moving average has now crossed below the 200 day and that remains a negative development irrespective of the Trump led rebound. That 200 day is still rising too and in place right now at 87,065 and only a push above that level might shift the current downside trend. The 50 day moving average is in place right now at 85,577. Bitcoin is currently trading at 82,125