Bitcoin rebounds with stocks

Bitcoin has lifted back above 58k earlier today. Yesterday BTC came under pressure as the US stock markets fell sharply and that led the lead coin down to a low at 55,558, just ahead of the 4pm London FX fix. Well, as the US stock markets rebounded, so did BTC and that led it back to a high earlier this morning, at 58,462. However, at the same time both the 50 and 100 day moving averages are still falling further below the 200 day moving average and despite the gains today, it has yet to test those levels. For your guide the 50 day moving average in place this morning at, 60,178 and the 100 day is in place at 61,880. Also, despite rebounding BTC has yet to really break any fresh ground. It is just now off the highs of the session, currently trading at 57,990