Bitcoin extends gains above 52k today

Bitcoin has continued to hold the gains it notched up last weekend that made a more robust recovery above 50k. The move higher so far today has fallen short of taking out 53k and also comes at the expense of Ether, as the relative price between the two shifts back modestly in favour of the lead cryptocurrency. The outlook for BTC remains positive but not really that dynamic at the moment. Perhaps a steadier progression is a sign of deeper liquidity and maturity in the price action and that might not be a bad thing going forward, although the lack of volatility will probably not please all traders out there. Bitcoin has traded to as high as 52,912 and it is currently trading at 52,295