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Bitcoin backs off after extending rally above 64k today
The record closes across the US equity markets last night provided further fuel for the cryptocurrency space and BTC took advantage of that. Indeed, it has extended the rally to above 64k today and in the process pushed above any resistance around its 200 day moving average. That is in place right now at 63,895. The high seen earlier this morning was set at 64,114 and it could be that stops were tripped above that 200 day moving average. That is especially the case as BTC is right now tracking lower again. The earlier low seen ahead of that fresh rebound high was set at 62,630. Bitcoin is currently trading at 63,730
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