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Bitcoin above 71k today

Yesterday the rebound in Bitcoin came as US yields fell and stocks recovered. That eventually allowed BTC to move back above 70k and then above 71k ahead of the wider US close. The dynamic between US bonds and the lead cryptocurrency was pretty clear for all to see. The positive momentum has been carried into today too, but so far the topside has not extended much beyond the highs seen yesterday evening. The high seen so far today has been set at 71,258 and looking at the longer term daily chart, there is a notable trend line resistance level in place at around 71,490. That comes from a series of former higher stretching back to current 2024 high, at 73,797 set on March 14. The low seen so far today has been set at 70,354. Bitcoin is currently trading at 70,995 
 

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