Bitcoin gave up all too easily yesterday

The recent recovery in Bitcoin that saw it lift from a low of exactly 28k on May 26, to as high as 32,359 on May 31 rather came to an abrupt halt yesterday. The lead cryptocurrency fell back to as low as 29,312 yesterday evening. That drop took it to below its 21 day moving average too and very nearly risked the whole mini triangle upside breakout that preceded it. Obviously a further drop to below 28k from now on would ensure that does happen. In essence the move lower has shown just how easily this can reverse, even when all the technical indicators seemed to suggest a move higher was more likely. That is a major concern and one that has shown, both BTC and Ether are more mainstream now, whether anyone likes that or not. That is because the moves seen in both yesterday, were very much linked to the other market movements that surrounded them. The range seen so far today has been covered by 29,494 to 30,038. The 21 day moving average is in place right now at 29,777. Bitcoin is currently trading at 29,850