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Bitcoin reclaims 38k in Asian trading

On Wednesday, as noted here, Bitcoin set in place a triple top above 38,400 on the daily chats. That formation capped the topside for the lead coin for the whole session yesterday, but at the same time it did not back off much. The low seen was set at 37,512 and perhaps the fact that it held that 37,500 level has helped it to rebound again since. That rebound has delivered a move to above 38k this morning. Bitcoin has risen to a high of 38,248 so far. That means it is clearly within striking distance of taking out that triple top today and if it does, then acceleration through the level is a prospect not to be discounted, if seen. The low set earlier today was at 37,624. Bitcoin is currently trading at 38,167
 

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