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Bitcoin extends rebound to above technical level at 65,162

An update here on Bitcoin earlier this morning noted the next upside objective on the current rebound. That was in place at 65,162- a 50% reversal of the 73,797-56,527 fall. Well, that objective has now been met and surpassed. The high set a short while ago was at 65,494. The next potential objective/resistance level is at 67,200 and that represents a 61.8% correction of the same fall. Since reaching that new rebound high, the price action is suggesting a degree of support in place for the time being at 65,162. However, that is not set in stone by any means. Once again the rise in BTC seems to correspond with a gain in the Dow Jones futures just now too. BTC is currently trading at 65,310

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