Bitcoin trying to find a floor

Since the last update here on Bitcoin the price has managed to find a base for the time being. Yesterday Bitcoin dropped to as low as 36,372 during the Asian session. That low was never actually revisited for the rest of the day, as the price extended an upside move, to back above 38k just ahead of the 4pm London FX fix. Earlier today, it lifted a little more, reaching a session high of 38,442. Another relapse to as low as 37,574 then ensued and those extremes have covered the range since. In terms of the wider outlook, as laid out here yesterday, nothing has materially changed. BTC is still entirely hostage to the same factors and risk is very high amongst those. The move higher since this time yesterday is a clear reflection of the slight improvement in the wider markets in that regard. Bitcoin is currently trading at 38,060