Bitcoin rebounds after brief dip below technical support level

Bitcoin remained under pressure yesterday. It simply could not make much headway and an attempt to rebound back above 43k below out at around 42,500 as was reported on here at the time. Overnight the price fell below the noted 100 day moving average. The low seen was set at 40,787, which suggests some stops may have been tripped below the level. Also the break down there did not do as was suggested here yesterday, and open a route to retest the 40k level. Now the price has extended the rebound to back above 42k again this morning. The high set a short while ago was at 42,463. It has just backed off from there right now, but for the time being its holding gains back above 42k this morning. Meanwhile, that 100 day moving average is still rising and currently in place this morning at 41,149. It is just now at 42,225