Bitcoin back above 40k again today

Yesterday the rebound in Bitcoin was helped by some further positive comments from Tesla which of course is hardly a surprise as that company has a clear interest to see the price rise. Notwithstanding that obvious fact, the lead cryptocurrency rebounded back towards 39k around the time of the 4pm London FX fix. The subsequent drop back saw it slip briefly below 37,500 but it has rebounded with another upside wave again today. That has seen the price rise back above 40k in recent trade. The move higher today has taken Bitcoin back for another test of its 100 day moving average. That is still falling and in place today at 40,398. The high seen earlier was set at 40,357, so once again it looks to have run into some selling interest just ahead of this level. Bitcoin is currently trading at 40,090