Bitcoin jumps above 200 day moving average again

The weekend price action on Bitcoin was rather inconclusive and mostly skewed to the downside into the afternoon on Sunday. That saw BTC drop back to a low at 62,045, but since then it has made a pretty dynamic move higher during the Asian session today. It rose sharply from a low around 62,500, to above 64k a little earlier this morning. The move seemed to acclerate once it took out the 200 day moving average (now at 63,280) and that upside break extended to a high at 64,474. It is off that high now though. It seems that BTC bulls are once again attaching the move to the prospect of Trump reclaiming the White House next month, but that is flimsy at best to be honest, as that race is still very much wide open. Let us just simple say; that so far today there have been more buyers than sellers and leave it at that for the time being. if BTC it is capitalise on this upside break, then it will surely need to hold onto that 200 day moving average as the day unfolds. Bitcoin is currently trading at 63,945