Bitcoin rebound continues today

The last update here on the progress was yesterday evening as the price was falling back underneath 16k again. That was not the first time the price had traded either side of the level last weekend and it may not be the last either. However, today Bitcoin has lifted again and it is now threatening to rise above the highs seen last week, just short of 16,500. The high reached today has been set at 16,368 which almost matches the 16,375 high reached very late on Friday evening. Of course, if there is no further progress beyond that level, then it offers the prospect of an interim double top being set in place there. That remains to be seen, but in order to avoid another short term relapse it will need to surpass that level anyway. The trend is still higher and there can be little doubt about that, but once again the price action can be unpredictable as we saw several time last week. The modus operandi is to still buy dips, and run with the trend. That approach has certainly worked well for anyone employing it over the past week or more. Bitcoin has just backed away slightly and is currently trading at 16,335