Bitcoin rebound stalls twice just short of 40k

The rebound for Bitcoin continued yesterday as was noted here at the time. The lead cryptocurrency made a final push towards 40k around the time of the wider US market close. However, it was not quite able to reclaim that level when it topped out at 39,945. Another attempt at the 40k barrier was seen earlier today when it rose to as high as 39,851. However, it has backed away from there since and that means there is potentially now a double top in place on the daily charts just short of 40k. Of course that may not hold as the day unfolds, but currently that is what it is. The drop back since the earlier high as seen Bitcoin trade to as low as 37,700 not that long ago. Further updates on its progress will follow as the day unfolds. Meantime, it is currently trading at 38,325