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Bitcoin on the rebound so far today

Much earlier today Bitcoin dipped to a session low at 36,883. That low was once again underneath the still rising 21 day moving average. Such has been the rate of ascent in BTC over the past few weeks, this moving average is still rising steeply and in place right now at 36,950. If you look at a chart of BTC over the past 30 days you also see that the price action has been characterised by a series of higher lows and that has endorsed the trend, from a low close to 34k, to above 38k seen last week. So, over the course of the past 5 hours, since the wider European markets opened, BTC has been pressing higher and has held above that 21 day moving average. The high seen a short while ago was set at 37,280, but that was below the Asian high at 37,345. It really needs to get above that Asian high, if this current upswing can perhaps press closer to the 38k level once more. Bitcoin is currently trading at 37,155

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