Bitcoin lifts closer to 40k again

Well, the rollercoaster for Bitcoin traders continued yesterday. The lead coin did eventually lift back above that 37,700 pivot level and ended the wider US market session around that level later on too. Today it has built on that rebound and risen close to the 40k mark once more. The high seen so far today has been set at 39,702 which is just short of the previously noted double top that is in place at around 30,945. Of course that level successfully guarded the topside yesterday, but obviously it is very much on the radar today. Naturally this could yet be a very magnetic level too as of course is 40k itself. However, just above 40k lies an even more important price point. That is the 200 day moving average which is in place currently at 40,611. Above there is another resistance level at 43,330. That price point represents a 38.2% retracement of the whole move down, from 64,869 to 30,016. Bitcoin is currently trading at 39,485