Bitcoin (Bitstamp exchange) trades above 100/200 hour MA but fails. - ConsultFX

Bitcoin (Bitstamp exchange) trades above 100/200 hour MA but fails.

Buyers struggling but $13465 floor needs to be busted The price of bitcoin fell below the 200 and 100 hour MAs yesterday and stayed below those MAs. Bearish.  However, on the downside, the $13465 area stalled the downside on 3 separate occasions going back to December 25th (two tests yesterday).  So, buyers below ran into sellers Copyright 2015 Forexlive.com