Bitcoin shies away from 77k

Later yesterday evening after the Fed did as most expected and cut the Fed funds by 0.25%, Bitcoin extended further into uncharted territory and rose to set a new all time high very close to the 77k handle. That new record was set at 76,956 just ahead of the wider US market close. The price action since then, ahead of and during the Asian session has been southbound and seen BTC fall back below 76k. The low seen earlier today was set 75,529. For the past 6 hours the price action has been mostly sideways between there and a high at 76,400. Overall, of course nothing has changed and the Trend is unaltered heading into the European opening today. Bitcoin is currently trading at 75,945