Trades at $9900 after reaching an intraday high of $10,390.
The price of Bitcoin on Coinbase, is trading back below the $10,000 and trades up about $5 after a earlier rally higher stalls.
The high for the day reached $10,390.77.
The low extended to $9576.43 early in the trading day.
We currently trades at $9900 and is now down on the day.
Technically, looking at the hourly chart above, the low of the day stalled just ahead of the 38.2% retracement at $9534. Support buyers took the price higher but the digital currency could not extend to the 200 hour moving average (green line in the chart above) at $10,577.
The price has since moved back lower, and as I type, is now trading in the red at $9900. The price action is disappointing for the bulls/buyers.
Looking at the daily chart below, the high this week got close to the 100 day MA (blue line in the chart below), but fell short. The price remains above the lower 200 day MA (green line currently at $8515), but the failure to get back above the 100 day MA will put a sour taste in the longs mouths as we head into the weekend. PS. The price also failed on the move back above the midpoint of the range since July 2017 low. That comes in at $10825. Stay below that level now, will keep the sellers more in control.
