Bitcoin rebound stalls ahead of 45k

Yesterday was a positive day for Bitcoin and Ether, but more on that one a little later. Bitcoin extended a break back above 43k. That took it to as high as 44,530 ahead of the wider US market close. That gain was extended at the start of the Asian session today, reaching 44,774. However, it then reversed lower after failing to tackle the 45k level, dropping back more than $1000, to 43,733. It has rebounded again since, but it is yet to threaten the earlier session high. The immediate outlook, that was updated here yesterday, has not materially changed yet. The next level for BTC remains the previous high at 45,838 and after that the Fibonacci retracement level at 46,730. The 21 day moving average is still turning rapidly higher and it is now much closer to crossing above the 50 day. That is still falling, but that fall appears to be slowing and trying to turn higher. Bitcoin is currently trading at 44,100