Bitcoin pivotal in contained European trade

The rebound in Bitcoin yesterday that saw it lift back above its 200 day moving average has helped the lead cryptocurrency to hold a steadier path so far today. The move back above 45,965 has helped the lead coin to make some limited, if not conclusive progress. Yesterday that amounted to a move back above 46,800 and earlier, at the start of the Asian session the price topped out at just above 46,700. However, since the European opening the price action has been rather sideways, in between 46,000 and 46,500. It is pretty much in the middle of that range right now and so it is rather pivotal at the moment. That does indicate a degree of indecision as to where the next more significant move is going to take it too. The market is clearly wary of another unwind still and that also explains the current price action, where Bitcoin is just now trading at around 46,250