Bitcoin dips back below 61k

Since an earlier here this morning, Bitcoin has been unable to make any further progress. In fact, it has now dipped back underneath 61k after failing to get above 63k. The move lower has now put at risk the prospect of the lead coin reversing all of the gains in made yesterday, when it spiked back up from a session low at 59,005, to as high as 62,667. Of course this can change, but looking at the very short term charts, the immediate risks appear to be skewed to the downside right now. The other point to consider here; is the true implications and ramifications that the launch of a regulated ETF might really mean for its overall status. That point was made here earlier today and so far the answer to such a question remains unresolved. Bitcoin is currently trading at 60,790