Bitcoin trades at highs and tests 100 hour MA

100 hour MA at $53962

The price of Bitcoin is trading up $1900 at $53900. The high price reached $54096. The low reached $51235.25.

The digital currency is up testing its 100 hour MA at $53962. The high price just reached just above that MA, but has backed off modestly. There may be a cause for pause against the level as risk can be defined and limited against the level.

For the 7 day week, the high was last Saturday at $59928 - just below the $60K level. The low was yesterday at $50296.57. The all time high reached $61788.45 on March 13. The low for the month of March was down at $45052 back on the March 1 (the first day of the month).