Bitcoin lifts above 63k

Following on from earlier updates today, where it was noted that a double top was in place just ahead of 63k in Bitcoin, the price has now taken out that first resistance level. The price has just now lifted to as high as 63,300 and it looks like stops were tripped above 63k in order to facilitate the move. Of course this is one step nearer to a new all time record high, but the immediate price action is sure tricky at the same time. That makes for difficult navigation in the short term. Clearly there are many that want to see history made, but there is also some that are standing in the way of that right now too. This could make for some quite sharp price swings this afternoon as we have just now seen. Bitcoin has just reversed lower as this update is being typed. It is currently trading at 62,850