Bitcoin extends rebound to above 35k

The continuation of the rebound in Bitcoin has taken the price back above 34,800 and than above 35,000 as the lead cryptocurrency removed some latent shorts from the market. The chart configuration earlier was always pointing that way after it had based out around 31k earlier today. The rebound was of course helped by the news from El Salvador; that the country had moved to make Bitcoin legal tender there. Now the rebound so far has extended to as high as 35,430 so far, but it is just edging back down right now. The rebound today is perhaps not yet conclusive enough to say that the downside is entirely finished with yet. However, and provided it can maintain the current gains above 34,800, then the longer it does that, the more the chances it might be the case. Bitcoin is currently trading at 35,165