Bitcoin shoots higher and cracks back above MA levels
Rises above 100 and 200 hour MAs at 3763.69 and 3874.56 respectively
The price of bitcoin has shot up about $300 over the last few hours after stalling ahead of the 61.8% of the move up from the Dec 18 low. The move has moved the price back above its 100 and 200 hour MAs. The price moved back below those MAs earlier this week and selling intensified. Now with the price back above, the bias shifts more to the upside for the digital currency.