This time BTC gets a bit closer to that 65k handle

It is quite amazing how often the high or the low of any given session for Bitcoin comes around the time of the 4pm London FX fix. This repeated price action dynamic has been conveyed here many times over the past couple of years and yesterday was no exception. Bitcoin fell back to its lowest level of the session just ahead of that 4pm fix. The low seen was set at 62,740 just after an update here noted it falling back below 63k. Well, that was not the end of it, because as the dollar fell into the US close and stocks remained resilient, BTC pushed higher and later reached its best levels of the day, just above 64,500. It was noted here yesterday; that BTC needs to vault the 65k handle in a sustained way to perhaps make further lasting progress. It has come close to that level earlier this morning, but so far 65k has remained elusive. The high seen has been set at 64,799. It is currently trading at 64,245 and only a relapse back below its 200 day moving average (currently at 63,811) would seem to alter the trajectory just now