Bitcoin rollercoaster rumbles on

Yesterday Bitcoin was under pressure for most of the European session. As suspected that pressure did eventually lead to a drop below the previous interim low that was in place at 37,523. However, that drop did not extend very far at all as Bitcoin fell back to as low as 37,326. The subsequent rebound was dynamic and rapid as the price recovered all the levels it had given up earlier in the day, eventually rising back above 41k ahead of the wider US market close. Bitcoin topped out then at 41,390. Today so far it has stepped back from that level, briefly dipping back below 40k a few moments ago. So the recovery from yesterday is still very much intact for the time being, but as the headline suggests this is a rollercoaster ride still and increasingly one that is hard to predict too. Bitcoin is just now trading at 40,460