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Bitcoin recovers a drop to below 61k earlier today

Yesterday Bitcoin ignored the gains in the Dow Jones this time and back peddled into the wider US market close. The fall from above 62,500 was then extended right at the start of Asian trading today and that deliver a new interim low at 60,863. It has rebounded from that low this morning, but  has yet to reclaim the 62k handle. The earlier fall to just below 61k could have tripped some stops south of the 100 day moving average, in place at 61,077. Meantime, the 50 day moving average is still falling and the move lower today has helped that. That is in place right now at 65,499. The high seen so far since that low point has been set at 61,772. It is currently trading at 61,590

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