Bitcoin still grinding its way towards the next technical level

So far today Bitcoin is holding its gains above 50k and that is bringing the price close to the next technical level that was put into focus here last week. That is at 51,100 and so far it is yet to be tested. If you remember that price point represents a 61.8% retracement of the whole downside move, from the all time high at 64,869 to the most recent low, reached on June 21, at 28,824. It remains to be seen what if any resistance will show up at this level, but of course it has to reach it first. Having said that, the current price, at around 50,450 is now only a smidge away in Bitcoin terms, as 500 points is nothing when this one decides to move