Bitcoin corrects to intraday support and pushes back above $14K

Technical Analysis

Author: Greg Michalowski | bitcoin

The high for the day is within reach

Bitcoin continued the launch higher in the early session hours but retraced lower. However, once the price reached the 100 bar MA on the 5-minute intraday chart, the selling stalled, and the price has seen a resumption of the trend move higher.   

The digital currency is back above $14K (trading higher at $14,184 as I type). The high for the day is within reach at $14,400.   A move above that level and.....well anything is possible.

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