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Bitcoin stalls ahead of 27,500 again

Yesterday Bitcoin rebounded during the early part of the European session. That saw it rise back above 27k, to as high as 27,452. A drop back to just below 27k then followed (26,907 the low), before another push higher played out, into and after the 4pm London FX fix. BTC lifted to a new session high at 27,488. A drop and subsequent rebound kicked in earlier today, but it stalled short of 27,400 this time and has now dropped back again. The high seen earlier was set at 27,388. The price has now fallen back underneath its 50 day moving average (now at 27,152) and of course those highs yesterday fell short of testing the more important 200 day moving average (now at 27,763). The low seen so far this morning has been set at 27,004. BTC is currently trading at 27,070

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