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Bitcoin lower this morning

Late on Friday, towards the end of the wider US session, Bitcoin extended its recovery to just above 102,000. The reader is reminded of the slide it had suffered right at the start of the Asian session on Friday. Now according to pricing across a number of platforms, the actual low then was not consistent, but for the purposes of future assessment here, we are taking at as being 92,143, as reported here later on Friday morning. The price action on Saturday and Sunday was mostly sideways inside a range covered by 98,955, to 101,020. A push higher earlier today stalled at 101,434 and it has dropped back to a low at 98,567 since then. It seems safe to conclude; that sharp slide on Friday seems to have caused a degree of uncertainty each time the price rises back above 100k. So, in order for that concern to dissipate, it will need to clear further above that level, if the risks of a repeat are to be avoided. The longer BTC fails to do that, the greater the risk of a repeat performance. BTC is currently trading at 99,170
 

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