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Bitcoin drops to session lows underneath 97,500
A moment ago Bitcoin fell back to set a fresh session low at 97,451. The drop back is not unique at all and we have seen similar price action several times already this week and each time the low has been met with a rebound to a new all time high. At this moment there is nothing yet to suggest the current price action will not replicate that, but at the same time, we do know the market is incredibly long on this one and it is still technically overbought heading into the weekend. Perhaps a break below 96k from here might upset the apple cart a bit more, but we shall have to see if that evolves, or not. BTC is just now on the rebound off the lows, currently trading at 98,140
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