Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Yesterday Bitcoin continued its corrective push lower and an update here noted it was threatening the 92k handle. Well, it did drop below that level, hitting a session low then, at 91,426, The rebound that followed from that low delivered a move to 94,722. It then fell back steeply towards 92k once more ahead of the release of the US Fed meeting minutes, at 7pm GMT. The price action thereafter saw it fall below 91k. BTC dropped back to set a new session low ahead the wider US close, at 90,742 . The price action since has seen it rebound back above 93k this morning and hit a session high around 93,375. Although not under immediate threat, the reader is once again reminded of the corrective targets lower down, at 87,806 and then much lower down, at 80,431. The next support ahead of those is the 21 day moving average, currently in place around 89,685. On the topside anything above 95k could open a path higher again. The question for today is; has that almost $9,000 fall from the record highs now delivered enough of a correction, or is there still more to come? BTC is right now at $93,045
Start here. Join over 3M Libertex users around the world!