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Bitcoin reclaims 57k again
Yesterday the noted slide in Bitcoin had a few pundits scratching their heads and as covered here at the time, there seemed no news behind the move. BTC dropped sharply to a low at 55,016, from a prior high above 58k. Well, gradually since then the lead coin has lifted back above the 57k handle today. The price action is probably going to be choppy again today at times and you need to be aware of that. Once again the reader is reminded; that the current price action remains camped below its 200 day moving average (now at 58,747 and that recent price action is stalling the rise of that moving average and if maintained will turn it lower. Also, both the 50 and 100 day moving average (which are higher up) are now turning lower, towards the 200 day. The range seen so far today has been covered by 56,201 to 57,397. Bitcoin is currently trading at 57,250
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