Skip to main content

Bitcoin fails to hold rebound above 70k

Yesterday afternoon, Bitcoin extended its rebound in what were extremely quiet wider markets, with the UK and US closed for public holidays. BTC managed to rebound though, from an earlier low around 68,250, to a high around 70,680. However, it has reversed that rise today and fallen back below the lows seen yesterday. The low seen a short while ago was set at 67,460 and it seems that stops underneath 68,250 was at least partly responsible for that low. The price action is not conclusive though and major technical support around 65k remains intact. Bitcoin is currently trading at 67,905
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!