Bitcoin rebound stalls ahead of 40k

Yesterday Bitcoin mounted a recovery that saw the price rise steadily once the US markets reopened. The lead cryptocurrency rose from an earlier session low at 37,523 to as high as 39,950 just ahead of the wider US market close. Today it has not been able to extend upon that rebound and has fallen back ahead of 40k at the start of the Asian session. Naturally, that 40k level is a tough level to crack anyway, and profit taking has clearly delivered a move lower so far. The price has just dipped back, to test 39k in recent trade. The range so far today has been covered by 39, 030 to 39,965