The price of bitcoin has moved to a new record high today, rising to an intraday high of $109,732. The current price is at $109,515, up $2700 or 2.55%. The move to new highs surpassed the January 10 high of $109,356.

• Since the corrective low on May 12th at $100,764, the price has risen 9%.
• Since the April 7 swing low down at $74,483, the price is up 47.24%

Technically, the price has been above its 100-hour moving average on the 4-hour chart since April 11 when the price was near $82,800. The price tested the moving average on May 6 and bounced (see blue line). It sniffed the moving average again on Monday before rotating higher.

Ultimately would take a move below the 100-bar MA on the 4-hour chart, to increase the bearish bias. That MA comes in at $102,378 (and moving higher).

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