Bitcoin not out of the woods yet

On Friday Bitcoin continued to rise into the broader US markets close. That saw it push above 83k and it extended that move into the weekend. On Saturday BTC lifted above 85k and it extended that rise early on Sunday, when it briefly topped 86k. However, it was not able to sustain the move and it fell back very close to 83k on Sunday. The low seen was set at 83,022 and it has rebounded above 85k earlier today. The high seen earlier was set at 85,487. Meantime, the 200 day moving average is still rising and in place right now at 87,460. At the same time, the 50 day moving average is still falling rapidly and in place right now at 84,558. So, as you can see, it has been trading above that level at times over the weekend and earlier today. However, despite the rebound since last week, all the while the price action remains camped below that 200 day moving average, doubts remain in place. BTC is right now at 84,440