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Bitcoin rebounds from session lows but is the downside finished with yet?

Earlier today the break below 62,408 was noted here and since then BTC has fallen to below 61k for the first time since the beginning of May. The low seen earlier was set around 60,600. It is off that low now, but yet to make any kind of recovery back above that 62,408 level. Indeed since breaking below 62,408 much earlier today and after an initial bounce close to 63k, BTC has been under pressure. It now depends on whether or not this has an appointment with the 60k marker from now, or perhaps not. The downside has been in focus here for some while and technically there is little to suggest it might be done with that yet. Bitcoin is currently trading at 61,325
 

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