Bitcoin holds 62k again

A little earlier this morning Bitcoin did drop back close to the 62k level once again. Regular readers of these updates will remember; that last week it was the drop below interim technical support just ahead of that level which sparked a move to below 60k. The subsequent rebound yesterday and earlier today saw it rise to just above 63,700. That move was then followed by a drop below some minor support at around 62,500 this morning. The move lower extended to as low as 62,215 just after the European equity market reopening. However, and perhaps importantly, it did not break down below 62k this time around. The price has now rebounded back above 63k in very recent trade. All the while that 62k level caps the downside, there is further potential to have a look at the earlier session highs and perhaps beyond. Bitcoin is just now trading at $62,945