Bitcoin back below 60k today

Yesterday Bitcoin managed to rebound from a European morning drop to as low as 58,661. The price lifted back above 61,000 ahead of the 4pm London FX fix. However, a second sell off then ensued ahead of the wider US market close. It fell back to as low as 59,155. Earlier today at the start of the Asian session it then recovered once more, rising back to 61,153, but as with the previous rebound, it was not able to hold the gain and subsequently dropped back to as low as 58,603, just surpassing the low point reached yesterday. It is trying to reclaim the 60k handle again right now. However, and even if it does, it will still have to get back above its current 21 day moving average if it is to reverse the immediate trend lower. That moving average is in place right now at 62,838. Bitcoin is currently trading at 59,615