Bitcoin tests 38k today

Following on from an update on the progress of Ether so far today, it goes without saying that Bitcoin has enjoyed a similar rebound too. Yesterday was a struggle for the lead cryptocurrency. However, and exactly as with Ether, it also set in place a clearly defined double bottom at just below 36,290. The subsequent rise today has seen it rise steeply in recent trading. It has just briefly reclaimed the 38k handle. The range seen so far today has been covered by 36,829 to 38,042. The next level of importance, beyond 38k itself, is the 21 day moving average. That is still falling and in place right now at 38,572. Perhaps that might prove another level to add some resistance, should the current rebound extend further beyond 38k. Bitcoin is currently trading at 37,995