Bitcoin rebounds after taking out 64k today

The day before yesterday as noted here, Bitcoin did drop below 63k late in the US session after the release of the latest US CPI data had sent it above 68k once more. The really sharp, more than $6000 sell off that followed has clearly taken the wind out of its sails ever since. The sideways price action yesterday was a clear testament to that and that has now delivered a move to below 64k again a little earlier this morning. The failure to really rebound with any gusto since Wednesday evening is surely a concern for holders of this one that did not get taken out of the trade late on Wednesday evening and you know what? Sometimes the success of Bitcoin is also its potential undoing. Why is that? Well simply and from reports that I am receiving; more and more punters are now able to switch BTC back into fiat much quicker then they could in past, and more reliably too. That does open up a whole can of worms. There will be more to add on that in updates in the future. Meantime, BTC has just now rebounded from a fresh session low at $63,830. It is currently trading at $64,280