Bitcoin back above 50k again today

Yesterday the relapse in the crypto space saw a series a sharp sell offs unfold in all the leading coins. The drop in Bitcoin saw that slump to as low as 45,000. Further attempts to drop below that level later in the session were not successful and the foundation of what was a triple basing action around those lows led it higher into the wider US market close. Earlier this morning the lead cryptocurrency built on that momentum and lifted above 50k again, reaching 51,392 not that long ago. The price action remains just as fervent as it has been all week so far, but clearly the upside momentum has been recaptured for the time being and could be entirely possible that the correction from above 58k to 45k has run its course for the time being. However, it is surely too early to make a cast iron judgement on that. Nevertheless, Bitcoin is higher so far today, currently trading at 50,240