Bitcoin extends break above 21 day moving average

Earlier this morning it was noted here on the quick news that Bitcoin had traded largely sideways since yesterday and the overnight range had been confined in a relatively tight range. It was also observed that a break either side of the 10 or 21 day moving averages that had encompassed that overnight range was likely to lead to a price extension. Well, that is exactly what has now happened as the lead cryptocurrency lifted above the 21 day moving average that was in place at 34,277. The further rise above this level has taken the price to above 35k now today. A short while ago it rose to a session high just above 35,600. It has now backed away from that high but remains elevated overall. The move higher in Bitcoin came as a corresponding rise in Ether saw that rise above 1450. Bitcoin is currently trading at 35,320