Bitcoin backs off from a new 2024 high above 64k

Towards the end of last week Bitcoin continued to hold above 60k, despite several relapses back towards that level. The weekend saw it press higher from low around 61,500. The move higher was then extended further at the start of the Asian session today. Bitcoin vaulted the 64k handle once more and set a new 2024 high at 64,279. However, some volatile price action followed that high and the price dropped back to just below 62,500 (62,409 the low). Since then it has been edging higher again and right now looks like it will not be long before another attempt at fresh highs will play out today. Bitcoin is currently trading at 63,685