Bitcoin still facing an uncertain future

Yesterday evening, as the US stock markets rebounded, the recovery in the Nasdaq 100 helped Bitcoin to rise further. It had already jumped back above 83k, as noted here at the time and later ahead of the wider US close it reached a session high, at 83,903. The drop back into the Asian opening today delivered a low at 82,260, but it has recovered the 83k handle again since. Meanwhile, the 200 and 50 day moving averages are still converging. The 200 day is still rising and in place right now at 86,128. The 50 day is still falling and in place right now at 88,240. So, as you can see they are getting closer to each other. However, all the while BTC is camped below that 200 day, the outlook remains negative and at best uncertain. BTC is right now at 82,935