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No weekend rebound above 70k for BTC as NVIDIA stalls

On Friday afternoon Bitcoin came unstuck. The rebound in US yields and the dollar was the first driver behind the falls and the failure of NVIDIA to make gains ahead of the weekend was the next. Earlier in the day Bitcoin had lifted to a high at 71,924. It fell to a low ahead of the wider market close, at 68,464. That drop took it below its 21 day moving average (currently at 69,035). It has steadied since then, but traded entirely sideways, with a slight upward bias over the weekend. The range has been covered by 69,150 to 69,840. So, as you can see it has been holding that 21 day moving average since early Saturday morning. However, given all that surrounds it right now, it is far from certain there will not be another test of that technical level again today. Bitcoin is currently trading at 69,585
 

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