Bitcoin charges back above 58k again

The rebound in Ether this morning has helped Bitcoin to also rise. Earlier the lead cryptocurrency had been struggling to get back above 57k, but for the time being it is the topside that has won the morning and now it has just spiked higher above any possible resistance in place around 57,500 and then above 58,000. The move is extending as this update is being written. It is not clear here what the driver for the rise is but it is quite dynamic. The move back above 58k right now is clearly increasing the chances that it might retest the high point seen on Monday which was at 58,975. That is in close proximity now and a break above this level could open an immediate path to retest the 60k mark. Bitcoin is currently trading at 58,375