Bitcoin unable to reclaim technical level again

Yesterday Bitcoin was helped higher by a more robust rebound in Ether. That allowed BTC to rise steeply ahead of the 4pm London FX fix. The lead cryptocurrency rose back above 47k, to as high as 47,519. However, and once again, it could not hold that rebound and duly fell back even more steeply into the wider US market close. BTC fell back to a session low of 45,569. It has rebounded somewhat today, but it has certainly not broken any new ground. The range seen so far has been covered by 45,727 to 46,542. The 200 day moving average that capped the topside again yesterday is still rising and in place today at 48,029. As stated before, all the while the price remains camped below this technical level it will cast doubts on the rising longer term trend. Bitcoin is currently trading at 46,445