Bitcoin steps back rebound test of 58k earlier today

Yesterday, as the US stock markets recovered and risk seemed to adopt a more positive stance, Bitcoin started to rebound. That rebound took it first back above 55,255 and then later in the session, after the European close, the move extended to above 57k ahead of the wider US market close. That rebound was then jumped-started higher again at the start of the Asian session today and BTC had a very brief look at the 58k handle. The high seen was set at 58,002, but it has since fallen back below 57k just now. The move higher, whilst surely well-greeted by BTC bulls has not delivered any material technical shift yet and once more it needs to recover back above both its 50 and 100 day moving averages in order to potentially change that outlook. Those are still falling and in place right now at 60,493 and 62,114 respectively. The low seen since the earlier high this morning has been set at 56,413. BTC is currently trading at 56,925