Very close but no cigar for Bitcoin so far

Yesterday, it was noted here on the quick news; that the further rebound in Bitcoin could open a path for a move to reach the previous all time record high at 58,350. Perhaps it might even have the impetus to surpass it too. Well, earlier today at the start of the Asian session, Bitcoin came very close to doing just that. The lead cryptocurrency rose to as high as 58,138.  Hence just a little more than $200 short of a new record, which in Bitcoin pricing terms is a blink, a cough and a splutter. Well, whatever the reason, it did not quite set a new record and duly fell back below 56,500. The low reached not long ago was set at 56,394. However, it has rebounded again right now and so it may yet have another go at trying to set a new record. That remains to be seen of course. One observation though; by word of a warning. That is the potential for a pretty monstrous double top set up, if the upside momentum is stalled to such an extend, as to send the price back 50k again, without breaking new ground first. In the meantime, lets wait and see if it can blow on the topside. Bitcoin is currently trading at 57,360