Bitcoin stalls above 60k again

On Friday Bitcoin pushed higher into the 4pm London fix and held that gain into the wider US close. The move higher was seemingly buoyed by the risk positive backdrop that helped the US stock markets and later end the week with some further modest gains and continue the rebound since August 5. That overall risk dynamic helped BTC push above 60k again on Sunday. However, the gains stalled at just short of 60,250 and since then the price action has been southbound. BTC fell to a low at around 58,230 earlier during the Asian session and it has not yet bounced much from that earlier low. The failure to hold 60k again is another example of what which has  been seen several times over the past 7 trading days. The question; as to how many times this might play out before a deeper relapse unfolds was asked here last week and it is repeated again this morning. BTC is currently trading at 58,595