Skip to main content

No rebound yet for BTC

Since an update here this morning, noting that Bitcoin had fallen back underneath its 21 day moving average, the lead coin did try to make a move back above there. Well, it did but unfortunately it did not make it above 43,200 and once it fell back again, it has not been able to recover. BTC has dropped to a low this afternoon at 42,418, reached a short while ago. That has caused the 21 day moving average to continue to turn lower and it now stands at 42,971. The next level support, beyond 43k itself is now the December 26 low at 41,656. Bitcoin is currently trading at 42,470 
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!