Bitcoin a little lower, heads for a test of 100-hour MA support

Looking at the daily chart, the recent rebound in Bitcoin has stalled at the fifty.0 retracement level at around $10,825. At the instant, that's the key resistance level for patrons to interrupt higher than.

The rejection here sees value action take Bitcoin back below the broken trendline support from earlier this month. however the second level of support at the 100-hour MA (red line) acts as a additional correct gauge of whether or not or not we'll see patrons hold the road during a bid higher.