Bitcoin trades above $28000 to highest level since May 29. Back above 100 day MA.

<p>The run to the upside in Bitcoin is continued with the digital currency now above its 100-day moving average at $27,619. The price also extend above a topside general trend line at $27,388. </p><p>The high price just reached $28,149. The current price trades above and below the $28,000 level.</p><p>A close back above the 100-day moving average would be the first since June 6. If the price can stay above the 100-day moving average, the next upside target comes against the May 29 high at $28,452.</p>

This article was written by Greg Michalowski at www.forexlive.com.