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Bitcoin lifts from earlier Asian lows

Yesterday Bitcoin rose to its highest level of the year to date, when it reached 52,845. That high came just ahead of the 4pm London FX fix. The price started to fall back into that event and later extended the fall to a low at 51,368 right at the start of the Asian session today. It has rebounded now though, reclaiming levels closer to 52,500 a little earlier. The overall trend remains to the upside and not much has changed in that respect since yesterday. As noted here a few times already, the next discernible technical level remains at 56,364 (76.4% of 68,991-15,485). Supports are at 50k and then at 48,552. The high seen so far today has been set at 52,385. Bitcoin is currently trading at 52,175 
 

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