Bitcoin’s weekend run higher runs into resistance. Bears in control.

Bitcoin’s weekend run higher runs into resistance. Bears in control.

The weekend high on Coinbase stalled at the 200 hour MA. Bears sold The price of bitcoin on Coinbase exchange, ran higher over the weekend but in the process ran into the 200 hour MA (green line). The inability to get and stay above that 200 hour moving average, gave sellers a reason to push lower and indeed they did.