Buyers step in below 62k for BTC

Earlier this morning, the price of Bitcoin was drifting lower as it dropped back underneath 62k once more. The earlier failure to take out levels above 63k during the Asian session was probably responsible for that move lower. However, it the past few minutes some renewed buying has kicked in again, just north of 61,500 and that has helped to propel the price back close to 62,500 as this update is being written. The immediate chart dynamic does remain supportive overall, as noted here earlier on and now it could deliver some price extension if that 63k resistance area can be taken out. That remains to be seen of course and it is far from certain either.  Naturally a break above 63k from now on could also increase the chances of that existing record high, at 64,888 being put to the test. Bitcoin is just now trading at 62,150