The Bitcoin rebound continues again today

In an earlier update it was noted how the recent pattern of spiked lows seems to attract immediate buying and that was noted as a prospect here again this morning. Well, it seems that is exactly what has happened once more. Bitcoin traded down to as low as 18,641 around 5am GMT today. Since then it has been rising steadily again and a short while ago it reached a session high of 19,367. That high compares to the high reached yesterday at 19,438. The only question to ask in the short term is whether or not Bitcoin has the ability to rise above 20,000. That is something that it could not quite manage back in 2018. However, the current looks like it might be the best chance the coin has had for over 2 years to try and achieve that. That will remain an open question for the time being. Meanwhile, Bitcoin has backed away from the high and is currently trading at 19,301