Bitcoin rebound stalls short of 86k this morning

Yesterday afternoon the price action in Bitcoin was pretty treacherous to say the least. The noted slide towards 84k was then followed by another spike and this time that led to a new high on the day, at 85,790. However, once again it was reversed even faster than it rose and that saw BTC slide back to 83,715. Since then it has been on the rebound once more and that has led to a high set a short while ago today, at 85,836. Meantime the 200 day moving average is still rising and in place right now at 87,562. The price action so far today has held above the 50 day moving average. That is in place right now at 84,399 and the low seen earlier on was set at 84,351. So, you can see it did flirt with the level. BTC is currently trading at 85,490