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Bitcoin reclaims 45k

13 Aug, 2021

Yesterday Bitcoin could not rebound. In fact, it was the exact opposite as it spent the whole session gradually leaking lower and lower. Eventually that delivered a move to below 44k just after the 4pm London FX fix. A subsequent minor Asian rebound gave way to another look under that level, but the second rebound has been more dynamic. The setting in place of a minor interim double bottom below 44k today has allowed for a rebound to back above 45k. The leading cryptocurrency has risen to as high as 45,392 to far this morning and that rebound could continue too, so long as that interim double bottom remains intact. The range seen so far today has been covered by 43,902 to that noted high at 45,392. Bitcoin is just now trading at 45,249
 

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