Bitcoin back inside the 35-38k range once again

Late yesterday evening an update here noted that Bitcoin had met and bounced off an earlier identified chart support point that was in place just above 34,800. The rebound from that level has seen the price rise back above 36,500 too. It was also noted; that Bitcoin had failed to make a move above that price level yesterday after three attempts to do so. Well, upon further inspection of the chart, it was actually four attempts. Perhaps that is irrelevant now because earlier on it rose to as high as 36,820. Since then is has recently dipped below 36k again and so we appear to be back in that previously noted 35-38k range that was identified here last week. Clearly, a break each side of that should set up some further traction in either direction and right now the outlook here remains more negative than it is positive. A break below 34,800 if seen will surely deliver more downside, where a rise back above 38k might bring the 40k handle closer into view once again. Bitcoin is currently trading at 36,075