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Bitcoin falls back from earlier highs

04 Dec, 2020

Yesterday Bitcoin did try to sustain a break above 19,500, but once again that move did not last when the price reached 19,614. Incidentally, that high came right on the 4pm London FX fix. This is not the first time that Bitcoin has peaked or troughed at that exact time. As noted several times before, this is clearly not a coincidence and needs to be observed closely too. Irrespective of that observation, the price later fell back again before trying to rise once move above 19,500 ahead of the US close. Today it has drifted lower again and earlier fell back to as low as 19,153. It is currently trading above the earlier low, but still not yet conclusive in any way, shape or form. Bitcoin is trading now at 19,285

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