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BTC reclaims 85k
The reaction in Bitcoin to the US PCE and GDP data was positive, but perhaps only from the fact that the markets that surround BTC moved to support it higher. Either way it has now reclaimed the 85k hanlde this afternoon. It has reached 85,479.
Earlier today BTC traded as low as 82,296 not long after the European markets got underway for trhe final session of the month. The move higher now has taken it above all the prior moves higher seen for a week and more. The question now; can it hold this gain and advance further? In truth we do not know the answer to that, but if clues are required then keep an eye om the limes of Gold, US yielods and the stock markets, because they are likely to dictate how much further BTC might rise today. It is currently trading at 85,205
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