Bitcoin weekend rally unwinds in overnight trade

On Friday Bitcoin tried to break above 31k. However, the formation of an interim double top there helped to send it back below 30k into the wider US weekly close. That drop continued on Saturday, as the price slipped further, falling to as low as 28,603. However, a pretty robust rebound on Sunday saw it rise back above 31k, and close to 31,500 at the start of the Asian session today. However, it appears to have run into sellers once more since then and not too long ago it fell back close to 30k once more. The range seen so far today has been covered by 30,121 to 31,400. It is trying to rebound again now, but all the while below 32,970 the downside is still in focus going forward. One reason for the fall today could be due to comments coming over the wires, questioning the future of Bitcoin has a payment vehicle. It is currently trading at 30,423