Bitcoin falls back after stalling around 58,500

Yesterday afternoon as the dollar fell back and US stocks rebounded, Bitcoin managed to rebound and that recovery saw it rise to a high at 58,520 just after the European close. Earlier in the day BTC had fallen to a low at 55,633. However, since then it has dropped back below the 57k handle today. If you look at a chart of the price action over the past couple of days you will see a series of lower highs above 58k and that has helped to push BTC down to a session low today, at 56,923, So, once again it looks like the wider markets will be dictating the direction for BTC and only a sustained rise above 60k from here would seem to negate further downside risks. BTC is currently trading at 57,230