Bitcoin rebound this morning stalls short of 60k

Since this analyst has been absent from the scene Bitcoin has stalled again after nudging back above 61k last Thursday. The fall hit a bottom at 57,132 very early yesterday and then reached a high earlier today at 59,808. It has since fallen back to a low at 58,886 this morning. The price action is still camped well south of all its medium term moving averages and the first of those is in place this morning at 61,987 (50 day), so as you can see, it needs to rally a good deal more than it has so far to even put that to the test. The rebound in the dollar has certainly posed a problem for the lead coin too. Also, both the 50 and 100 day moving averages have now crossed below the 200 day and that is not technically positive either. Bitcoin is currently trading at 59,010