Bitcoin back above 50k again today

Yesterday Bitcoin finally made a move above 50k. The price rose above the previous all time high reached earlier in the day when it stalled at 49,913. The move above 50k took the price to as high as 50,547 where upon is met with some profit taking which is hardly a surprise really. That then delivered a move back to as low as 47,837 not long after the 4pm London FX fix. A further rebound yesterday evening then set up a move at the start of the Asian session to as high as 50,223. However, as this is being typed the price is now surpassing that earlier high and accelerating above 50,300. The current very short term chart dynamic suggests it could easily surpass the high point seen yesterday at any minute. So, it seems that the Bitcoin buyers are back in force again so far today. Bitcoin is currently trading at 50,440