Bitcoin has seen some bids early in US trading in the past two days, likely frontrunning ETF flows. The bulls tried that move again today and boosted it to a session high at $91,800 but despite edging above the Asian highs, there was no follow through.
Instead, a heavy round of profit taking has hit, dragging it down to $88,050, which matches yesterday’s low. Watch for stops on a break of $88,000.
This article was written by Adam Button at www.forexlive.com. Source