Bitcoin back above 18k this afternoon

Bitcoin has rebounded again after earlier holding above the noted support level around 17,250. Earlier today it was also mentioned that the immediate range was likely to be encompassed by 17,250 to 18,250. Well, this afternoon the rebound is taking the price back towards the top end of that immediately envisaged range. It remains to be seen if that upper level will be tested, and if it, whether or not it will cap the topside this afternoon. As mentioned this morning, the trend for Bitcoin is undeniably higher, but it is overbought and that does explain the quite volatile price seen of late. This is a far cry from the often less than $100 daily ranges seen a few weeks ago. The current daily ranges are running at $1000 or more most recently. Bitcoin is just now trading at 18,100