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Bitcoin backs off from another attempt on 36k

Yesterday afternoon, after the 4pm London FX fix, Bitcoin jumped higher. The lead cryptocurrency took off, in what was a pretty vertical move, from around 34,600. The move extended to as far as 35,906 ahead of the wider US market close. However, despite being a pretty dynamic move it seems to have run into sellers again so far today and that has pushed it back towards 35k this morning. The low seen so far has been set at 35,228. An earlier high was set at 35,504. The charge higher yesterday afternoon once again confirms the immediate trend, but the drop back is also a warning of a double top potentially being set in place, from a previous daily high, set on November 2, at 35,953. Bitcoin is currently trading at $35,245

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