Bitcoin on the rebound so far today

Since the start of the week it has been a downward path for Bitcoin. The lead cryptocurrency has fallen from a high at 58,975, to as low as 52,956 reached earlier today. That drop has taken the price close to its 100 day moving average that is in place today at 51,875. However, as this morning has unfolded the price is on the rise right now and it has just reclaimed levels above 55k a few moments ago. The move higher today is of course once again being led by Ether, which has also risen more than $100 over the past hour or so. The rebound in Bitcoin is taking the price back towards the 50 day moving average which is in place right now at 56,752. These two moving averages have defined the extend of the range so far this week and are possibly likely to again today. That is not certain of course but at the moment it does remain the case. Bitcoin is currently trading near session highs, right now at 55,285