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Bitcoin still waiting for big buyers to return
Yesterday Bitcoin managed to rebound above 85k after the European stock market close. However, as the US stock markets tanked into the evening, BTC handed back all the gains that has seen it peak at 85,478. It fell back to 83,287. Earlier today it rebounded off the lows into the Asian opening and that delivered a session high at 84,676. The low seen in Asia today has been set at 83,820. So, as you can see, it is once again not exactly at the races and yet to make any kind of meaningful directional move so far this week. The price remains camped below its 200 day moving average (in place right now at 87,740) but just at this moment above its 50 day moving average (in place right now at 84,280). BTC is currently trading at 84,385
Market News
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