Bitcoin runs away from the 100/200 hour MAs

Looks toward the $30000 and 50% retracement level The price of bitcoin has been consolidating above and below the 100 and 200 hour moving averages over the last 6 so trading days (see blue and green lines in the chart below). The moving averages had converged indicative of a non-trending market.  The buyers and sellers are battling it out. By Greg Michalowski