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Bitcoin trending higher so far today
It was noted here yesterday; that the current price action in Bitcoin is increasingly indeterminate and since then not much has actually changed in that regard. BTC is getting pushed around by the wider markets and that has been the case for a while now. Looking at the short term charts since the lows seen yesterday, at 59,804, there is an upside trend that has emerged. That said, this is not a trend that cannot easily be snapped, if the lead coin were too drop below that existing trend line, in place right now at 60,435. The range seen so far today has been covered by 60,314 to 61,091. Meantime, the noted 50 day moving average has now turned higher and it is in place right now at 61,408. The price action seen so far today is yet to vault that again though. BTC is currently trading at 60,885
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