Bitcoin stages a rebound in late US and Asian trading

Yesterday it was noted here on the Quick news, by more than one channel; that Bitcoin had the potential to extend the break below 34,800 to 30,000 and perhaps even more. Well, that prognosis did start to gain more traction in afternoon trading as the lead cryptocurrency fell to as low as $31,036. At that point it looked like a move to test 30k was on the cards ahead of the wider US close. Well, in the event that did not happen and the price started to mount a recovery not long after the 4pm London FX fix. The price then reclaimed 33k in later US trading and that rebound has just now been continued as Bitcoin rises again in recent trading. The move above 33,500 has just extended to as high as 33,700 which is close to the earlier Asian session high at 33,809. Of course this might rebound further, but it will still need to make a sustained recovery back above 34,800 and perhaps more likely above 35k if the threat or further downside is to dissipate. Bitcoin is just now trading at 33,560