Bitcoin rises to new session high

Bitcoin is making another move higher in early European trading. The lead cryptocurrency has just lifted above the highs it reached overnight as it rises above 19,400. It is yet to break above 19,500, but if it does then that could open another test of the 20k level that if balked at on Tuesday when it peaked at 19,914. Understandably, 20k is still a huge level for Bitcoin to climb over, but there can be little doubt that it has shown solid resilience by continually bouncing from the most recent setbacks. The potential beyond 20k has been outlined here already this week, but to repeat that again here. If the move from 19,914 to the most recent low at 16,226 is flipped back above 19,914 then it does open a potential measured move towards 22,782. Of course it has to rise above 19,914 first, but there does appear to be a degree of fresh appetite now this morning. The high reached so far has been set at 19,470 and it is currently trading a little below there now, at 19,410