Bitcoin moves back down

Sen. Warner is out with some negative comments on crypto currencies:

  • Crypto is crying out for regulation
  • Companies mine crypto are doing it to pay off ransomware

The price of bitcoin has moved back down to $-1300 or -3.3% at $37725.  The high for the day reached $39,878.51. The low extended to $36,481.26.
Looking at the daily chart below, the key 200 day moving average remains above at $40507.55. Stay below that moving average keeps the sellers more control.



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