Bitcoin drops below 19k

Yesterday Bitcoin rose to set another 2020 high when it reached 19,438. That was in fact very close to the record all time high for the lead cryptocurrency. That is in place at approximately 19,900. However, since peaking around the time of the 4pm London FX fix, the price has been steadily falling back. Bitcoin dropped to as low as 18,641 earlier today. It has rebounded from that low as buyers return at lower levels. That has been the pattern for Bitcoin for some days now. Each and every spike lower has been met with solid buying and the subsequent reversals have led to more upside. It remains to be seen if today will result in the same pattern, given just now far the coin has risen over the past month. Bitcoin was trading below 13,000 at the end of October. It is now trading at 18,905