Bitcoin still facing headwinds this morning

As the US stock markets came under further pressure on Friday, Bitcoin tracked the Nasdaq 100 lower. This was very much in keeping with the broader dynamic that has been highlighted here for the past couple of weeks. So, BTC later fell below 84k, hitting a low around 83,550. The price action on Saturday extended that move and it fell to 81,638 late on Saturday evening. A rebound on Sunday saw it lift back above 83k. However, as the Asian markets reopened last night, BTC fell back again and then hit a new interim low, at 81,288. It has rebounded from that low just now and given the slide in the Nasdaq 100 futures today and the USD/JPY, it is a little surprising that BTC did not fall further. Meantime, the 200 day moving average is still rising (now at 86,010), but the prospect of the 50 day moving average falling below is closer to being realised. That 50 day is in place right now at 88,523. The high seen earlier today was set at 82,742 and notwithstanding the rebound from the lows this morning, downside risks remain on the radar. BTC is right now at 82,115