Bitcoin back below 54k

Following an earlier update here on the progress of Ether, the price has now fallen below $2600. It was noted here ahead of that move; that a break below 2600 could deliver some further downside and is what has happened as the price falls around $30 below the price point. So, with Ether still leading Bitcoin, it is no surprise to see that has now fallen below 54k this morning. The move is extending lower right now and that could deliver even more short term downside. The outlook for Bitcoin is not so certain all the while it struggles to regain upside momentum and it is worth noting; that despite the records for Ether yesterday, Bitcoin did not come even close to replicating those gains and remains more than $10,000 below its 2021 record highs right now. Bitcoin is currently trading at 53,940