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Bitcoin extends weekend rebound

Last week Bitcoin rose to its highest level since December 2021, when it reached 52,845. That was last Thursday and since then it has dropped back after failing to hold a move to just above 52,500 on Friday. On Saturday Bitcoin did fall back below 51k (50,567 the low). It recovered on from there later that day and pushed just above 52k once more. The overall trend remains positive and the next technical level remains unchanged, at 56,364 (76.4% of the 68,991-15,485 fall). First support beyond 50k itself, also remains at 48,552. The price action in Asia today has seen BTC further extend the rebound back above 52k. It has risen to a session high at 52,465 a short while ago. The low seen earlier today was set at 51,850. It is trading right now at 52,360
 

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