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Bitcoin dips below 35k as Dollar recovers

Since an earlier morning update here on Bitcoin, the lead cryptocurrency has fallen back and a little earlier this afternoon it dropped below the previous Asian low at 35,109. That seemed to deliver a downside extension to as low as 34,788 not long ago. In terms of significant technical levels from here on, the nearest is not close to the current price. However, there are a series of lows clustered just ahead of 34k, should this downside move extend further. The rebound in the dollar seems to have been a potential catalyst for this latest relapse. Bitcoin is currently trading at 34,830

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