Bitcoin drops back after failing to reclaim 35k yesterday

Yesterday the rebound in Bitcoin was certainly dynamic as the price rose more than $5000 from its earlier drop below 29k the day before. However, and despite rising close to 35k it was not able to reclaim that level. The high posted just ahead of the 4pm London FX fix was set at 34,821. It later fell back into the wider US market close and that drop was extended earlier in Asian trading today as the price fell to as low as 32,344. It is rebounding again right now though and trying to get back above 33k, but in truth it needs to get above that noted Fibonacci retracement level at 35,065 if it is to really have a chance at reclaiming the upper hand. All the while that fails to happen there will be a risk of another sell off. Bitcoin is just now trading at 32,790