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Bitcoin rebound stalls ahead of 102k
The rise back above 98,500 yesterday in Bitcoin once again took place leading into the 4pm London FX fix. Take a look at a chart of the price action and you will see that. The move later extended above 101k and close to 102k by the time of the wider US close. A dip earlier today was then followed by another push to try and break above 102k, but so far that has not materialised. The range so far today has been tight by usual standards, with 100,423 to 101,954 covering it so far. To put it simply, if BTC cannot rise back above 102k today, there is a risk of a double top on the daily charts just shy of that level. BTC is currently trading at 100,565
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