Bitcoin rides across the page so far today
Yesterday Bitcoin did drop back and the fall extended until the 4pm London FX fix. BTC fell back from an earlier high at 27,239, to as low as 26,379, as the dollar rose and the US stock markets fell back after the opening. It has rebounded a little off that low since then, but if you look at a chart you will see it has been mostly traversing across the screen for the past few hours. The range seen so far today has been covered by 26,488 to 26,678. The 50 day moving average is still falling and now at 27,049. The nearest support is now the 21 day moving average and that is rising slightly and in place right now at 26,206. So, for the time being, as you can see, the price action is sandwiched between those two moving averages. BTC is currently trading at 26,613
Market News
All News-
Bitcoin busts above triple top and sets new 2023 rebound high
Following on from an earlier update here, noting the prospect of Bitcoin potentially taking out the previous set of daily highs, the lead coin has now... -
Santa is on his way it seems as European stocks gain-check out the DAX now
The rise across the major European stock markets is extending right now. That has seen the FTSE 100 push further above 7,500 and the DAX rise towards... -
USD/JPY drops back below 148 as EUR/JPY unwind continues
All this week the price action in the EUR/JPY has been largely characterised by a downside reversal from what was an electric rise to above 164 (164...
