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Bitcoin reverses back underneath 61k again

Since rebounding back above 61k earlier today the price action on BTC has stalled short of reclaiming 62k and if you look at an intraday chart of the lead cryptocurrency you will see multiple failures ahead of 61,800. Well, as a result of that the price has just now dipped below 61k again. The low a moment ago was just set at 60,970, which is still above the overnight low set at 60,863. However, now that it has fallen below its 100 day moving average again, it might be unwise to rule out optional stops in place below 60,863 right now. BTC is currently trading at 60,925

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