Bitcoin modestly lower in Asian trading

On Friday Bitcoin managed to rebound from a European morning low at 41,787, to back above 43,000. That rebound took it to as high as 43,463 right ahead of the wider weekly market close. It managed to extend that gain slightly late on Saturday, when it rose to as high as 43,810. However, since then it has been tracking lower again and a short while ago today, it dropped back to as low as 42,369. At the same time, the noted 50 day moving average has now fallen below the 200 day. The 50 day is now at 47,820 and the 200 day is at 48,557. The drop back below 43k today is also being driven by the rebound in those US treasury yields. That is clearly having a negative impact on the price action so far today. The range has been covered by 42,369 to 43,285. It is currently trading at 42,820