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Bitcoin lifts towards 98k

Gradually over the course of the day so far Bitcoin has been climbing steadily and right now it is very close to the 98k handle. It has not been above that level for quite a while now. The move higher has also now topped the 100 day moving average, in place around 97,770. It will need to climb above the 99k handle, if it is to top the 50 day moving average. That is not to rule that out though and right now it seems fresh buyers have emerged due to a degree of speculation regarding BTC and any proposed US sovereign wealth fund. However, it is important to note; that no such official comments have emerged in that regard. BTC is right now at 97,860 
 

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