Bitcoin reverses from above 58k yet again

Earlier this afternoon Bitcoin lifted smartly above 58k once more. The high seen was set at 58,101. However, it did not stay up there for very long and has reversed below 57k now. The failure above 58k marks the third such time in as many days. The risk if this keeps happening, is the next time it drops towards 55k again (if it does), it will not stop down there. Also to note and repeat; this continued inability to reclaim levels above 58k on a sustained basis means it is still rejecting a test of the 200 day moving average. That is now in place today at 58,746, but it is still rising, which is a positive. The low seen just now was set at 56,927, but it has bounced off that low now, currently trading at 57,210