Rejected? Bitcoin Price Attempts to Break Back Above Vital Moving Average

Last week, following disappointment surrounding the much anticipated Bakkt launch, Bitcoin price smashed below $10,000 and plummeted over 20% to under $8,000 before it found support in the high $7,000 range.
The move sent Bitcoin price through the 200-day moving average, with multiple daily closes below it. However, after the leading crypto asset bounced from below $8,000, it’s now attempting to break back above the important moving average, but may have just been rejected from it.
Bitcoin