Bitcoin rebounds

Yesterday afternoon Bitcoin did make a move below $40,000. The lead cryptocurrency fell back to as low as $39,663 ahead of the 4pm GMT London FX fix. The drop was seemingly led by a corresponding move below $3,000 in Ether. It was also delivered by quite heavy losses in the US stock markets at that time. However, both have rebounded well since those lows. Bitcoin has risen to as high as 42,393 a short while ago this morning. It could easily extend a little more, but any rebound at this stage is potentially still corrective and not yet to be considered a resumption of the uptrend. The range seen so far today has been covered by 41,522 to 42,393. It is currently trading at 42,125