Another Day another record for Bitcoin yesterday

After lifting above 51k, to as high as 51,700 yesterday morning, Bitcoin backed off somewhat, but it did not drop below 50k again and that probably helped the rebound later too. The price surpassed the previous record high later in the US session and well after the European close. It rose above 52k to set yet another record, reaching 52,631 ahead of the wider US market close. In Asia today it has traded mostly sideways between 52 and 52.5k, but a short while ago it did drop back to as low as 51,750. It has rebounded again now, but it seems to be struggling to make much further headway just yet. So, the question now is whether or not the current sideways price action is just further consolidation before another lift off, or a warning that a deeper correction is about to unfold. In all honesty, that is hard to assess right now and as far as this author is concerned, will probably need to see some further price action before trying to make any kind of judgement. Bitcoin is currently trading at 52,050