Bitcoin edges back from return to above 60k

Earlier today Bitcoin reclaimed the 60k level. It had been trying and clearly fighting hard in recent days to achieve that. Well, earlier during the Asian session it manged to lift to as high as 60,100. However, and so far it has not managed to sustain the move and is now edging back down again. Despite that, the chart dynamic does still continue to argue for more upside that could eventually see it take out the previous all time record high. That was set on March 13 at 61,742. The immediate risk to the current momentum would appear to increase were the price to drop back below 58k from here. The thing is with Bitcoin at these levels; is that a 2 or 3k move can unfold very quickly and in real terms it does not represent much in percentage terms at such elevated levels. Bitcoin is currently trading at 59,450