Bitcoin reclaims the upside as it breaks above resistance at 10,833

Earlier this morning it was noted here on the quick news; that there might be some downside stops in place on Bitcoin below 10,625. Well, it does not look like they were there, and even if they were they have probably survived the earlier move to a session low at 10,624.75. Since then though, it has rebounded smartly and is now trading to fresh session highs as it lifts above the noted level at 10,833 where the 21 day moving average was in residence. It is also possible that Bitcoin has now tripped stops in the opposite direction as it lifts to a session high right now at 10,880. Naturally, that cannot be indelibly confirmed but likely such would be in place. The move higher today comes as the EUR/USD continues to ask the question at 1.19 and the wider dollar comes under a degree of further downside pressure as the global equity markets move higher. Both of those drivers are favouring the lead cryptocurrency as is usually the case at the moment. Bitcoin is just now trading at 10,860