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Bitcoin still holding below 62,408
Yesterday afternoon, Bitcoin rebounded again, from a low around 60,580. The lead cryptocurrency rose to a high at 62,350, but of course that was below the previously noted and potentially important resistance level, at 62,408. The price action since then has seen BTC drop back to a low around 61,350. Another push to above 62k earlier today has stalled so far at 62,180 and right now it is dropping back towards 61,500. The failure to rise above 62,408 is clearly an indication that sellers are lurking on rallies after the drop back below 59k on Monday. Bitcoin is currently trading at 61,555
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