Bitcoin heads back towards 38k

The sharp fall in Ether, just noted in the previous update has had an impact on Bitcoin and the price is being led lower by that move in Ether. Bitcoin has also just hit session lows at 38,029 a few moments ago as Ether dropped sharply below 2500. So, the move lower was clearly led by Ether, but earlier Bitcoin failed to make any progress back above its 100 day moving average (now at 39,669) and that has not helped it either. The high a little earlier today was set at 39,785. The price has now fallen closer to a retest of the current 21 day moving average which is still rising and right now in place at around 35,300. The current reversal could easily lead to this level being tested if the current downswing in Ether is continued. Bitcoin is just now trading at 38,125