Price broke below the 100-hour MA for a bit earlier today, but looks to have caught a small bounce to retest the level now

A little update in the price movement now, as it is trading back above $11,000 on Coinbase's GDAX exchange.

Buyers have come in to bid Bitcoin back up in a test to regain control for a move to the upside again. The 100-hour MA at $10,965 would be the key level to break above for the momentum to remain bullish.

Bitcoin had a slide in early trading today, as price closed in on $12,000 - with the 100-day MA just sitting above at $12,071. So, a break above here could see buyers regain short-term control to test those levels again.

If they fail, then we could start to see some bearish sentiment start to build that could dampen the recent rally from the lows.