Bitcoin keeps the bulls more in control

A run to the highs today ran into sellers though

The price of Bitcoin on Coinbase is trading up about $81 at $5318. Although higher, the pair did run up to $5407 and backed off about $100. 

Bitcoin on Coinbase remains above the 100 and 200 hour MA. Bulls in control.
The bullish news, however, is that 
  • The price is still higher on the day.
  • The price is still above the 100 hour MA (although it has traded above and below that MA today and yesterday. The 100 hour MA is at $5287.40
  • The price is still above the 200 hour MA (green line) at $5221.41. The price has not traded below the 200 hour MA since April 16). 
If the price is to tilt more to the downside, a break of the 100 and then 200 hour MA will be eyed.   Until then, the buyers remain in control.

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