Lows from December and 100 day MA/50% key support targets
The price of bitcoin on the Bitstamp exchange is trying to keep it's head above what is key support.
Looking at the hourly chart above the low from December 22, stalled at $11,159. The lows today have come in at $11,190 and $11,120 - straddling that December low. We currently trade back up at $11,814 after the 2nd look stalled.
Taking a broader look at the daily, the 50% of the move up from the July low comes in at $10.758.46. While the rising 100 day MA comes in at $10,579. That area - if the floor on the hourly can be broken - would be another key support target for bitcoin. Be aware.
