Bitcoin rebound extends to test 38k today

The rebound in Bitcoin since Monday extended further yesterday and then again earlier today. Late on Monday Bitcoin had managed to briefly reclaim the 37k handle and then spent most of yesterday trading broadly sideways inside a range covered by 35,730 to 37,560. Earlier today it rose test the 38k level. The range seen so far today has been covered by 36,476 to 37,987. However, and despite rebounding, the price is still some way south of all its major moving averages The nearest of those is the 21 day, now in place at 40,731 and the overall lower long term trend is yet to change. The rebound so far today has been helped by slightly more positive risk dynamic that is currently in place this morning. Bitcoin is just now trading at 37,395