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Bitcoin reclaims upside traction

Yesterday the fall in Bitcoin saw it reach a session low at 40,515 in mid-morning European trading. The rebound that followed did see it recover above its 21 day moving average (then at 41,563) and then extend into the wider US market close. BTC has further built on that rise and lifted above 43k earlier today. The high seen so far has been at 43,445, but it has backed off a bit since then. The 21 day moving average is still rising steeply and in place right now at 41,871. The next resistance level for BTC is now at 43,925 and thereafter, the most recent high is at 44,735, which is the current 2023 high too. So, Bitcoin has recovered the uptrend and it now remains to be seen if it can build one that and press on to reach a previously identified target at 48,552 (61.8% of 68,991 to 15,485). Bitcoin is currently trading at 42,915

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