Bitcoin has a look below 60k and rebounds

Well, as suspected and noted in the previous update on Bitcoin, it has now had a look at 60k. A short while ago the lead cryptocurrency traded to a new session low at 59,991. That was also the lowest level for BTC since May 3, when it was in the throws of making a rebound from a June 1 low at 56,527. The rebound from the low this afternoon has just now pushed back above 60,400 and it is possible that BTC might have done enough for the time being. At the same time, there is still a risk that sooner or later, that June 1 low will come into the crosshairs. Bitcoin is trading right now 60,405