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Bitcoin takes a hit into the 4pm London FX fix

Since my last update here on Bitcoin the lead cryptocurrency did lift back above 43k once more and in the process, back above its 21 day moving average (that is now at 42,861), which is still falling. The slide of almost $1000 has been pretty steep too. BTC has just hit a fresh session low at 42,161. It is off that low now, but once again this move highlights what I have said here many, many times before. That is how often orders on BTC can be set for the 4pm London FX fix . I do  not think you need clearer evidence of that, than what you are seeing unfold today. Bitcoin is currently trading at 42,285
 

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