Bitcoin unable to hold another rebound

Yesterday we noted Bitcoin falling closer to the 62k handle but in the event that level held firm and it bounced back above 63k, peaking around 63,280 ahead of the wider US close. The price action so far today has seen it reject another push on the topside and reverse lower again. BTC has not long ago hit fresh session lows at 62,270 and that is pretty close to where it based out yesterday. The earlier session high today was set at 63,048.

So, whilst holding above 62k so far today, there is no guarantee it will continue to do so and we repeat what we said yesterday regarding the prospect of this re-testing the lows earlier in the month when it dropped to 59,101. BTC is right now at 62,360