Bitcoin rebounds from weekend relapse

Bitcoin did not make any further progress over the weekend. In fact it was just the opposite. BTC dropped back to a low at 95,775 on Sunday. However, it has rebounded in Asia today and it has lifted back above 98k. The high seen so far today has been set at 98,470 and it is not far off that high just now. The high seen on Friday was set at 99,728 after the European close and near the wider US session close. So, that looks like the level of note this morning on the topside and of course 100k could easily follow, if that gets taken out at some point today. We shall see how this plays out, but certainly BTC seems back on the front foot this morning. It is currently trading at 98,120