Another BTC rally meets with sellers above 31,500 again

The slump in Bitcoin, that saw the price fall rapidly below 29,500 this time yesterday morning was reversed into the US close. The lead coin rose just as steeply as it had fallen, to back above 31k again. That led it to as high as 31,546. The high in Asia today was set at 31,512. However, and somewhat surprisingly it could not hold the move yet again and subsequently tumbled back below 30k yet again. The low seen so far today has been set at 29,841. It is trying to rebound once more right now. The failure to hold above 31,500 earlier today has Ether to thank most probably, but what is clear; is that there are sellers still in place around 31,500. There will be more to add on this. Meantime Bitcoin is currently trading at 30,485