Bitcoin Up...

Bitcoin up 7% to near $35,000 currently

The weekend brought about some nerves as price dipped to a low of $30,173 but once again, buyers kept a defense of the key psychological level at $30,000 - at least for now.

As much as the bounce may look impressive, it is once again not anything significant when looking at the technical picture for Bitcoin.

Price action is still largely consolidating around $30,000 to $40,000 with the latter level still keeping a lid on things alongside the 200-day moving average (blue line).