Bitcoin extends rebound to just above 102k this morning

Yesterday Bitcoin did struggle to make progress for most of the day. The failure to garner any traction led to a relapse into the 4pm London FX fix. BTC dropped to a low at 97,349. However, no sooner than it fell down there, it rebounded again and that rebound led it back above 100k ahead of the wider US market close. It has extended that move to just above 102k earlier today. The high seen was set at 102,052. The next topside level, which might provide resistance is the January 6 high, at around 102,500. The current upward trend is clearly still in place though, but as usual we should not discount the possibility of more downside corrections, like the one we saw yesterday. For now it looks like the market still has a desire to buy into dips and it been that way since BTC fell to a low at 89,329 on January 13. The low seen so far today has been set at 99,388. BTC is currently trading at 101,430