Bitcoin has more than halved the sharp drop in overnight trading as it moves back above $65,000 now.It is up over 3% on the day currently after having arrested the drop at around the $60,000 mark as seen above.If you want to stick by the traditional technical metrics, price has also moved back above its 100-hour moving average (red line) now. And that means the near-term bias has become more bullish.The sudden and sharp plunge from $69,000 to $59,000 shows that price action is still very much volatile. But dip buyers are certainly making a stand and letting markets know that they are still staying convicted for now. This article was written by Justin Low at www.forexlive.com
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