BTC extends fall from yesterday to below 91k today

Yesterday a series of updates here noted the risks of further falls in Bitcoin. Well, subsequent to the last of those updates, BTC fall back further and later fell below 94k ahead of the wider US market close. That fall has been extended earlier today. BTC fell below 91k and in the process took out the low seen at the beginning of the month, when it dropped to 91,304 on February 3. The interim low prior to that was set at 89,329 on January 13. The low seen earlier this morning was set at 90,942. Meantime, the fall from yesterday has been sufficient enough to turn the 100 day moving average lower and the 50 day looks like it might now fall below that, whereas prior to yesterday it looked like the opposite might happen. That is not technically ideal for BTC and a fall below 89,329 could increase the risk of a deeper relapse towards the 200 day moving average in due course. For your guide that 200 day moving average is in place today at 81,624. Bitcoin is trading right now at 91,520