Bitcoin toys with the 100 hour MA on Coinbase. A move below is needed by sellers
Held on the test earlier today
The price of bitcoin toyed with the 100 hour MA after falling earlier in the trading day. That MA stalled the fall, the price corrected marginally higher, and has dipped back lower toward the same MA (blue line now at $5394.68. A move below would next target a trend line at $5362 and the 200 hour MA at $5317.94 (and rising).
Holding the level a 2nd time today, would be what the doctored ordered for bulls/buyers.
So although the pair is lower, there is work to do by the sellers to wrestle more control from the buyers.