Bitcoin nails technical support level in weekend trading

On Friday it was noted here on the Quick news; that Bitcoin was at risk of making a move below 35k in weekend trading. It was also mentioned that a technical support level in place just beneath that level would need to hold if the lead cryptocurrency was to avoid another, deeper weekend drop. Well, on Saturday Bitcoin did try to launch another rebound back above 38k. However, it was not able to hold the rise which saw it lift to as high as 37,925. The drop back earlier on Sunday saw it then fall to as low as 34,847. That fall basically nailed the trend line support that was mentioned here on Friday afternoon. That was in place just above 34,800. However, the rebound from the low point on Sunday is not exactly convincing though, having stalled on 3 separate attempts to get back above 36,500 so far. Hence, unless Bitcoin can get firstly above that price point, and then make a move robust move above 38k, the risk of a deeper fall below 35k will not disappear. Bitcoin is just now trading at 35,855