Buyers are holding the bias in the their control.

As per the earlier technical post on bitcoin, the digital currency has the 100 and 200 bar MAs as a bullish/bearish barometer. Stay above is more bullish. Move below is more bearish.

The price just wandered down to test those MAs and found buyers. That keeps the buyers more in control. The bounce also makes the MA lines more important going forward - for sellers. The buyers are happy now and more in control, but if broken (after testing and bouncing), those buyers could easily turn around and sell.

That is good information in anticipation of a more serious corrective move, but for now, the buyers remain the aggressor and the sellers are more nervous.