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Bitcoin lifts from Asian session lows

Yesterday saw a steady drop back in the price of Bitcoin. The lead cryptocurrency fell back gradually towards the wider US close and that then delivered a slight rush through 36,500 at the start of the Asian session today. Perhaps stops were tripped though that level, forcing a move to a low at 36,212. However, it has rebounded since then and recovered back above 36,500 as the European markets will soon get underway. The high seen a short while ago was set at 36,712. Meanwhile, the nearest moving average of note (21 day) is still rising steeply and gradually catching up to the prevailing price action. That 21 day moving average is in place this morning at 35,344. Bitcoin is currently trading at 36,635
 

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