Bitcoin rally stalls ahead of noted resistance level

Yesterday Bitcoin looked like it had enough impetus to make a push towards $51,100. That price point has been continuously outlined here as it is the next important target/resistance level above 50k. Well, in the event it was not reached yesterday and the rebound back above 50k stalled at 50,512. The price later fell back below 50k into the wider US market close. Earlier today the slightly negative short term momentum carried it back below 49k. The price has rebounded since then, but it is yet to reclaim levels above 50k again. The range seen so far today has been covered by 48,793 to 49,723. It is currently trading at 49,635