Skip to main content

Bitcoin on the rebound so far today

Bitcoin was already falling back on Friday, dropping below its 21 day moving average and then below 66k ahead of the weekend. That fall was added to on Saturday and it delivered a drop below 62k. The low seen then was set at 61,231. The further fall was surely all about players taking money off the table, given the geopolitical events in the Middle East. Perhaps we have to remember; that BTC is the ultimate digital risk position and as such not always a haven, as some seem to think it should be. The price action since then has seen it press a little higher yesterday and again this morning though. The range seen today has been so far covered by 63,361 to 65,951. It is currently trading at 65,320 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!