Bitcoin near session lows after failing to reclaim 70k earlier this week

The rebound in Bitcoin that saw it rise from a low last Thursday at 63,450 to a high on Monday at very close to 70k has long since given way to a corrective move lower. The high seen on Monday was set at 69,998 and the low reached very late yesterday evening was set at 65,310. The attempts to rebound off that low today have so far stalled at 66,403. Indeed BTC tried a few times to lift above 66,500 and so far it has failed and fallen back just now. That said, the price remains elevated above its 50 and 100 day moving averages (in place at 63,195 and 64,510 respectively) The low seen this morning has been set at 65,518 and it is not far above that low right now, currently trading at 65,530. Just like everything else right now, BTC is watching and waiting to see what the US Fed has to deliver on monetary policy later this evening