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Bitcoin rebound running out of stream?

As reported on earlier, Bitcoin slumped to a fresh interim low much earlier today. The lead cryptocurrency fell to 91,304, making a more than 15% slide from the highs seen at the back end of last week. The rebound that followed saw it lift to just above 96k. The high was set at 96,030. Well, more recently the price has been turning lower again and that fall back underneath 95k has come even as the dollar is off the boil and US yields are now lower. The opening outlook for stocks remains unchanged and it is that constant negative that has surely weighed on BTC. So, just now BTC fell back to 94,460. It remains rather uncertain as to whether it can rebound again and perhaps have another look at that 96k handle. In the absence of that right now the risks remain to the downside. BTC is trading right now at 95,390 
 

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