Bitcoin trades at $81,993 on Tuesday morning, or €73,013 (Kraken, 6.55am). That puts the price $512 above the 50-day moving average at $81,481 and $1,249 below the 20-day average at $83,242. Between those two lines the market has been moving in ever tighter ranges for three trading days. That is the state of play this morning, and the question of whether $81,481 holds hangs on it.
The figures behind this can be checked. We pulled the daily candles of the past 721 days from the public market interface of the exchange Kraken and calculated each day's range as the distance between the daily high and low relative to the close. Where the price may stand over a horizon of months is covered on our page on the outlook for Bitcoin.
The price on Tuesday morning: $81,993 and €73,013
Little has moved since midnight. The daily candle opened at $81,843, the low of the past 24 hours sits at $81,099 and the high at $83,100. That high still dates from Monday, however; today's candle reached $82,157 and so came nowhere near it. The volume-weighted average pri...
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