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Bitcoin rally thwarted by tech and risk aversion again
Yesterday morning Bitcoin fell back below 64k once more, as we reported at the time. That was followed by a rebound towards 65k. However, that rebound blew out into the wider US close and it has extended on the downside today. Look, it seems pretty simple as to why that has happened; tech stocks have been hit and the risk appetite is not good this morning.
So, it is no surprise to see that BTC has fallen back this morning. The low seen so far has been set at 63,267. That is back below the 50 day moving average again, which is still falling and in place this morning at 63,700. The high seen earlier today was set at 64,221. BTC is right now at 63,350
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