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Bitcoin backs off after extending technical break close to 36k

Yesterday Bitcoin was subject to more volatility than has been seen of late. The lead coin did test the noted double top at 35,172. In fact it rose to as high as 35,185, but initially it could not hold the move and then fell back by more than $1000, to as low as 34,120. However, it was already on the rebound again before the Fed kicked it higher again. There is clear evidence, that the drop in US yields last night helped BTC to surge again and that surge saw it charge above the noted double top with more passion and the break above there for the second time delivered a move to as high as 35,953 earlier today. It has backed off from there now. The low seen so far today has been set at 35,109. It is currently trading at 35,255.

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