Bitcoin on the drift again

Since the last update here earlier this morning, the price of Bitcoin has fallen back again after it failed to make any progress above 62,500. The price is right now tailing off towards 61k once more. The low point seen overnight during the Asian session was set at 60,870 and there are a series of lows just ahead of 60k already set over the course of this week. The drop back below the current 21 day moving average in recent trade is not especially positive. That is in place right now at 61,760, but of course it is very much a moving target. However, all the while the price remains below this moving average, there is a risk of further downside. Bitcoin is currently trading at 61,355