Leading cryptocurrencies turn south

Not long ago both Bitcoin and Ether were charging to session highs. Bitcoin raced above 52k, rising to as high as 52,622 In the process of setting that high, Bitcoin met and slightly surpassed a noted price objective outlined here earlier. That was at 52,492 and defined the 61.8% retracement target of the move down from 58,350 to the recent low at 43,016. Well, since meeting that the price of both Bitcoin and Ether has reversed almost as fast to the downside. Bitcoin has just now dropped back below 51k and Ether has fallen underneath 1600 after earlier peaking at 1657. There is no discernible news based reason for the current reversal and could just be due to profit taking on what has been a more than $5000 rise in the case of Bitcoin earlier today. The other thing to take note of now; is the increase in volatility that is accompanying the moves in both and it is significantly more elevated than it was this time yesterday. Bitcoin is currently trading at 50,895