A quick technical look at bitcoin. Intraday sellers trying to keep control (for now)

Held below 200 bar MA on 5- minute chart. Formed a double bottom below

looking quickly at the five minute chart for bitcoin, the last rally stalled right against the 200 bar moving average on the 5-minute chart. That moving averages currently at 9825.22 (and moving lower). Stay below keeps the sellers more in control. A move above and sellers will start to lose control again (look for sellers to turn back to buyers)..

On the downside the low today stalled right around the low from yesterday's trade around the 9000 level. The double bottom will be a eyed as support on a test, with stops likely on a break.