Bitcoin's rebound yesterday was helped by some further positive comments from Tesla, which of course comes as no surprise as the company has a clear interest in seeing the price rise. Despite this obvious fact, the leading cryptocurrency rebounded back towards 39k around the time of the London 4pm FX correction. The subsequent decline saw it slip briefly below 37,500, but it rebounded with another upward wave today. This has seen the price rise above 40k in recent trading. The higher move today brought Bitcoin back for another test of its 100-day moving average. This is still down and today stands at 40,398. The high seen previously was set at 40,357, so once again it appears to have encountered some selling interest just ahead of this level. Bitcoin is currently trading at 39800. Next major resistance 41330.
Chart from tradingview.com
And here are the levels for intraday trading:
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