Bitcoin rebounds from weekend dip below 60k

On Friday the breakdown below $62k on Bitcoin took out what was an identified and noted support level just above that price point. The move lower extended in weekend trading too, dropping to as low as 59,526 yesterday afternoon. However, the price has rebounded in Asian trading today and has recently recovered back above that 62k level again. The rebound comes as buyers emerge once again to take advantage of any dip in the price. The high on the session so far today was just now set at 62,219, but it is not far off there right now. If it can re-establish itself above 62k on a sustained basis, then there might be room for more upside back above an interim double top that lies in place just above 63,700. Bitcoin is just now trading at 62,110