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Bitcoin rebound stalls again as it once more threatens to fall below 95k
Earlier today Bitcoin came very close to falling below the 95k handle. The low seen was set at 95,115. However, since then another upside push played out and BTC rose to set a high at 96,714. Well, that was then and this is now, because BTC is falling back once more. That earlier high did not threaten to break above the noted 50 and 100 day moving averages either and it has a since dropped back to 95,186. Looking at the daily chart there is a risk of a deeper relapse below 95k clearly possible. BTC is right now trading at 95,250
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