Bitcoin steady above 37k in tight Asian trading range

Bitcoin rose to a high of 37,638 late yesterday morning. It then reversed lower and fell back through 37k, reaching a low at 36,897 right on the 4pm London FX fix. It has rebounded from there since then and reached a high so far today of 37,489. It is hovering below that high now. The rebound is not conclusive and once again the price seems to remain capped by that double top close to 38k. Sooner or later it is going to have to make up its mind, if it wants to take this on, or reject it for the longer term in a more meaningful way than has been seen so far. Bitcoin is currently trading at 37,399