Only a $365 dollar range today
Traders in bitcoin are basically taking a day off. The low to high trading range is only $365 which is not a big move. The price today is down about -$82.00 at $6751.
Technically, yesterday, the price tumbled back below the 100 hour MA (blue line in the chart below). That MA comes in at $7026 currently. Stay below keeps the bears in control. Move above and then the 200 hour MA at $7120 and the technical story changes to more bullish.
Although more bearish, there is work to do to keep the sellers happy. That involves getting below the recent swing lows at $6610 and then $6450.
Overall, sellers in control, but action is quiet. At some point, the market will make another run. Watch the levels for the clues from "the market".
