Bitcoin steadies at lower levels for the time being

Yesterday afternoon heading into the European close, Bitcoin took another hit and that saw it slide to set a new session low, at 92,535. The repeated failure to get back above the 50 day moving average was a theme of updates here yesterday and as suspected that delivered further downside. hence the longer term daily chart looks no more supportive than it did this time yesterday. The price action this morning has seen it consolidate a rebound into the wider US close last night that saw it recover to around 95,300. The high seen earlier today was set at 95,348, but since then it has dropped back to a low at 93,468. It is above that low right now, but the noted threat of a potentially deeper move below 91k has not yet gone away. BTC is currently trading at 94,070