Bitcoin falls below 63k this morning

On Friday Bitcoin fell to a low at 63,353 ahead of the 4pm London FX fix. It did then rebound into the weekend and tried to vault 64, twice on Saturday. It then tried a couple of times on Sunday and each time it stalled just short of the level. The high on Sunday during the twilight hours peaked at 64,499. It fell back blow 64k again on Sunday evening and the upshot in terms of the price action over the weekend has seen 63,500-64,500 cover it. As noted here a few times last week, the price action continued to suggest it might be trying to push down to another potential support level, at 62,408 (61.8% of 56,527-71,924). Well, as you can see it has done that and come close to that level a short while ago this morning. The low seen so far has been set at 62,555 and it is not far above that low right now. As to whether or not that level at 62,408 is not a given either and it will depend on what, if any orders are in place around that level from now on. BTC is currently trading at 62,570