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Bitcoin stalls above 97k again for a third time today
As the US stock markets continue to flatter to deceive and drop back and the dollar simply refuses to cede much more ground this afternoon, BTC has dropped back a bit too. A little earlier, after the US PPI data, as the US stock markets reopened, BTC had another look above that 97k handle. Prior to that and as reported earlier, it had stalled just above the noted 50 day moving average (still in place at 97,295). It then dropped back below 96k. Well, on the second attempt to crack that level properly, BTC got around 97,230. That was followed by another minor relapse, only for a third attempt to kick in, where it stalled again around the same level. Now it is tracking back towards 96k once more. So, will it be fourth time lucky, or has BTC shot its bolt for the afternoon? We shall see. BTC is currently trading at 96,390
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