Bitcoin edges back from rebound rise above 62k

Yesterday Bitcoin continued to add gains as the us stock markets rose and earlier today it extended that rebound to above 60k and then through 62k. The high seen was set at 62,694 and in the process it lifted above its still rising 200 day moving average (now at 61,789). At the same time, the 50 day moving average is falling ever closer to breaking below that 200 day moving average. That is now at 61,957. So, as you can see the rise earlier today lifted above that too. It is possible that stops were taken out above both levels. However, BTC has backed off from that high now, but so far held its gains above 60k. The low since the high has been set at 60,600. The more risk positive tone to the markets is behind this further recovery in Bitcoin. It is currently trading at 60,925