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Bitcoin has another look below 62k

The rebound in Bitcoin yesterday was already unravelling at the time of the last update on its price action here. As noted, BTC stalled short of reclaiming the 67k handle (66,884 the high) and continued to lose ground into the wider US market close. It has extended that fall today and once again dropped below the 62k level a moment ago. The low seen last weekend was set at 61,231. The low seen a short while ago was set at 61,755. It is off that low just now, but it might be unwise to suggest that weekend low will hold, if tested again. We shall have to see on that. The earlier Asian high today was set at 63,908. BTC is currently trading at 62,450 
 

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