Bitcoin reclaims 59k

Following an earlier update on Ethereum (ETHUSD), the price there did take out the final notable Fibonacci retracement level at 4,642 and that has delivered some fresh buying which is perfectly understandable too. The price there has now extended to above 4,700, hitting $4,755 a short while ago and this move has potentially opened a possible return to the record highs at 4,866. Meanwhile, the move in Ether has also helped to propel BTC to a fresh session high above 59k. That means it has now moved ever closer to the next noted resistance level, just above 60k. That is the 50 day moving average, now in place at 60,810. The high seen just now was set at 59,165, but it has just backed away from that high, currently trading at 58,750