Bitcoin on the rebound this morning, but will it last?

Bitcoin has managed to rebound today. As suspected, yesterday the lead coin did fall back as the Nasdaq 100 fell came under increasing pressure into the close. BTC dropped to just below 86k, but given the extent of the fall in the Nasdaq, it actually held its ground reasonably well. The low seen was set at 85,862. The high seen so far today has been set at 87,769. The 200 day moving average is still rising and in place right now at 85,508. So, as you can see it sure capped the downside last night. Meantime, both the 50 and 100 day moving averages continue to fall and hence there is still clearly defined divergence. The 50 day is right now at 89,600 and defines the first topside resistance level of any note, should the rebound seen so far this morning extend further. The low seen earlier today was set at 86,589. BTC is right now at 87,370