Bitcoin backs off from another look at 33k

Yesterday Bitcoin continued its rebound. The lead cryptocurrency eventually rose above 32,000 and has held that further gain so far today. In fact, it has extended the move close to 33k a short while ago. Bitcoin lifted to as high as 32,923 a few moments ago, but it has just backed away from that high right now. The further rise for Bitcoin come as Ether almost reaches $2100 today. The move higher for Bitcoin today has taken it above its 21 day moving average which is in place right now at 32,795. It is possible that some stops were just now tripped above this level. Beyond this price point there is further resistance in place at 34,322 from where the current 50 Day moving average is currently in place. Bitcoin is just now trading at 32,695