Bitcoin stalls and falls towards 95k

Yesterday afternoon Bitcoin tried to rise back above 97k after what had been several hours of sideways price action in between 96,000 and 96,500. The move higher came ahead of the 4pm London FX fix and it peaked at 97,040. The price action since then has seen it fall back to below 96k once more. An earlier attempt to rise back above 96,500 failed and it has since dropped back towards the lows seen last last night, at 95,233. The low seen so far this morning has been set at 95,273. Meantime, the 50 and 100 day moving averages are still converging and in place right now at 98,915 and 97,605 respectively. So, as you can see the prevailing price action since last week has all remained below both of those technical levels. Furthermore the 21 day moving average (now at 98,158) has fallen below the 50 day and is fast approaching the 100 day, which is not exactly a positive sign. Bitcoin is currently trading at 95,365