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Another false breakout sees Bitcoin upended again
Earlier Bitcoin was trying to make some progress, but once again it was pretty unconvincing and certainly not all dynamic. The slide below $4k in Gold we covered in the penultimate update clearly did BTC no favours whatsoever. It fell close to 61k after what looks like another failed spike higher, which saw it set a fresh session high at 63,121, only to collapse faster than it rose.
The slide lower since then saw it fall to 61,206. It is currently trading at 61,310
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USD/JPY stalls at 161.95- is that the top once again?
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