Bitcoin nails noted support level

Well, perhaps it is not surprising, but Bitcoin has today nailed the 28,770 support level that was outlined here much earlier this morning. The actual low so far has been set at 28,765.41 according to major pricing platforms, but of course this thing is still the digital equivalent of the wild west, so it might have traded differently elsewhere. So, having nailed that support level it has rebound a little from there. However, that rebound has only taken it to as high as 28,960 so far> Hence, it is not out of the woods and there is still the prospect of a break below 28,765 enticing some fresh selling from system based models. We shall just have to see on that. Bitcoin is currently trading at 28,800