Bitcoin takes a look below 33k today

Yesterday there was no rebound for Bitcoin. The lead cryptocurrency was simply unable to move higher and the main reason for that was all due to the drop that unfolded for Ether. The second largest coin continued to lose traction as the session unfolded. That eventually led Bitcoin to a drop below 33k ahead of the wider US market close. Earlier today Bitcoin did try to rebound, but that rebound stalled short of reclaiming 34k. The range so far today has been covered by 32,788 to 33,970. However, there is the prospect of a double bottom being formed, from the low last night, at 32,730 and the low earlier today, at 32,788. Now of course it is too early to say that will be the case, as of course a drop back significantly below 32,700 will negate that kind of set up. Further updates on Bitcoin will follow here, but for now the price is trying to re-establish itself above 33k, currently trading at 33,050