Bitcoin rebounds from overnight low

Yesterday, Bitcoin set a new record high when it reached 64,869. However, as the day progressed it was not able to make any further progress and eventually that told on the lead cryptocurrency as fell back further towards the European close. It eventually dropped back to a session low at 61,336. It has rebounded from there since and today it has managed to rise to as high as 63,479 so far. The price action over the past hour or two has been mostly sideways in between 62,500 and 63,500. The upside is still very much in focus though and as noted here yesterday; that is likely to remain the case all the while it holds above 58K. Bitcoin is currently trading at 63,255