Bitcoin pondering another break below 45k as it eyes session lows

The global equity markets came up from their worst levels earlier this morning following the Moderna news. As noted that provided a good catalyst to help the rebound and it also helped to push the dollar back a little and stop the Yen from gaining any more ground on the crosses too. However, it has not yet had any material positive impact on Bitcoin. That has now dipped back below 46k again and it is currently not far off its earlier session lows (at 45,743). The immediate chart configuration does not look very supportive either and increasingly it looks like it could have another look below that 45k level. That is not a certainty of course, but its failure to make any headway this morning is potentially an indication of more downside to come. Bitcoin is just now trading at 45,770