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Bitcoin trades mostly sideways overnight as US equity futures rebound

29 Oct, 2020

The US equity futures have recovered some of their heavy losses overnight during the Asian session and that has helped the general risk dynamic to steady itself somewhat. That in turn has allowed Bitcoin to hold the ground it recovered yesterday evening when it rebounded from a low at 12,890, to back above 13,200. However, and as noted here yesterday evening, Bitcoin has yet to make any progress back above 13,400 so far today. The price action in Asian trading has been mostly sideways in between 13,100 and 13,300. The high set so far has been at 13,320 and the low at 13,120. Bitcoin is just now trading at 13,275 as it waits for a more conclusive lead from the wider markets and whether or not the current limited risk rebound has further to go, or turns south once again 

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