Bitcoin slides again, taking out technical support at 63,652

Since the last report here much earlier this morning on BTC, the lead coin has now taken out the 64k level to the downside. Once it busted below the Asian low, at 64,198 it seems to have gathered fresh downside momentum, which could have been delivered by stops and system sellers though that level and below 64k too. The low seen so far has been set at 63,289 a few moments ago and as you can see, that means it has also once more taken out the 200 day moving average. That is in place right now at 63,652 and it is entirely possible more of the same was seen once that level gave way again. BTC is currently trading at 63,360