Bitcoin backs down from above 80k this morning

If you look at an intraday chart of the Nasdaq 100 and then at the same for Bitcoin you will once again see pretty much the same price action. A new low on the year, for both was followed by a rebound. In terms of Bitcoin that was a fall to 74,424 followed by a rise to 81,155. In fact, in terms of percentage swings, not much difference between the two. Earlier today BTC looked to rebound again from levels around 78k ahead of the wider US close last night. That saw BTC reach 80,832, but it stalled ahead of the highs seen yesterday afternoon and has since dropped back underneath 80k again. The low since that earlier high has been set at 79,520. Once again today it looks like BTC will follow and not lead and given the focus elsewhere that is surely not a surprise. BTC is trading right now at 79,650