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Bitcoin has another look below 51k

Since my last update on its price action Bitcoin has traded lower again and then rebounded somewhat. The lead cryptocurrency fell below 51k once more, but despite coming close,  it did not bust below the lows seen yesterday, at 50,772.. The subsequent rebound has so far stalled ahead of 51,500 though and now it is edging back down once more. A break below the low seen yesterday (50,772) could easily deliver a test of 50k today, but there is no certainty on that right now. Bitcoin is presently trading at 50,960
 

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