Bitcoin rises past 39k

The rebound in Bitcoin is continuing today. Now the lead cryptocurrency has managed to reclaim the 39k handle in recent trading. The move higher has come as all risk markets remain elevated compared to where they were this time yesterday. Primarily that concerns the equity space but it is all about more risk positive position just now and that has helped to lift the price of Bitcoin. Naturally, the next important level is at 40k and then after that comes further resistance at 40,594. That is the current price point of the 50 Day moving average. The high reached so far has been set at 39,175. It is just now trading at 39,165