Bitcoin rebounds from earlier drop to test 18k

In earlier reports here on the weekend moves seen in the cryptocurrency market, it was noted that Bitcoin had been the subject of some rotation on Saturday and Sunday. For once too, it was not Bitcoin that grabbed the limelight in weekend trading either because that certainly belonged to Ripple and to a less extent to Ether. The moves seen in Ripple were stunning and in truth quite unexpected here. However, the warning signs were clear once a new 2020 high was set. That was very much in keeping with what had unfolded in Ether late last week too. Meantime, Bitcoin has continued to reject a move above 19k when it topped out at 18,976 on Saturday. The low seen since then came yesterday when it fell sharply to as low as 17,625 around 12pm GMT yesterday. Since then it has rebounded again, to back above 18,600. That rebound was then followed by another relapse to test 18k in the very early hours of the Asian trading session today. The low set then was at 18,007. It has rebounded from there quite well again. However, the most recent rebound highs seem to be coming in lower each time. That might be a warning, but that remains to be seen. Bitcoin is just now trading at 18,505 and expected to deliver another fast moving session again today