Bitcoin drops back below 32k this morning

Yesterday was certainly another in a long line of rollercoaster days for the leading cryptocurrencies. Bitcoin continued to rebound from its earlier Asian lows, rising from below 32k, to as high as 34,882 around the European late afternoon. It then fell back just as sharply into the wider US close where it fell back to towards 32k again. Today it has fallen further, reaching 31,477 a short while ago. It was noted here yesterday; that the recent theme of Bitcoin following Ethereum had appeared to have been switched back to Bitcoin leading the way. Well, that appears to be the case again so far today. The downside is still being guarded by the 50 day moving average. That is in place currently at 29,105. However, all the while the price remains below its 21 day moving average (currently at 35,670), then further upside traction will remain elusive. Bitcoin is currently trading at 31,870