Bitcoin runs into traffic above 100k again

Well, once again Bitcoin has been met with sellers above 100k and once again that has forced a relapse that probably tripped stops on the way down, to below 95k. The back end of the move came towards the wider US market close last night after BTC had failed to hold another rebound above 100k. The low seen was set at 94,227. If you care to look at a chart of Bitcoin since December 5 you will see that each time it has spiked above 100k that spike has set a lower high and that in itself could be a warning of longer term exhaustion above that level. That said, it has rebounded to above 98k earlier this morning. The range since the wider US close last night has been covered by 94,971 to 98,180. Bitcoin is currently trading at 97,185