Bitcoin is heading towards weekend trading with the price holding just below its MA. 100 days

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100 days MA at 40162.95

Bitcoin price is heading towards weekend trading with the price hanging just below the 100-day MA. That MA currently costs $ 40162.95. A move above that level going forward would seek the June 15 high of $ 41,341.57. On top of that, traders will be looking for the 38.2% downward move from the April high. That level stands at $ 42,464. Finally, the 200-day moving average rose to $ 44,675.

Stay below the 100-day MA level and the bias will continue to be more bearish for the digital currency and within the range of $ 28600 to the 100-day MA at $ 40163. Invest in yourself. See our forex education center.

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