Bitcoin finds a temporary base below 64k so far today

Late yesterday evening the further fall in Bitcoin delivered a move to below 64k. The low seen just ahead of the wider US market close was set at 63,560. It has edged off that low so far today. However, the rebound is not convincing so far and the road to recovery looks hard fought at this stage. The high seen so far this morning has been set at 64,710. The lack of traction over the past 3-4 days is all about stops and a Buy the Rumour, Sell the Fact reaction to the Halving event last weekend. Right now moving average resistance remains in place higher up at 67,337 and support in the same vein is in place at 58,175. What happens in between is in the balance right now today. Bitcoin is currently trading at 64,240