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Bitcoin consolidates move above 45k

As reported on here yesterday, Bitcoin made a positive move to start 2024. The lead cryptocurrency jumped above 45k for the first time since April 2022. The move higher peaked at 45,911 early in the European session. However, that was not sustained and the lead coin dropped back below 45k ahead of the European close. It later extended that fall to 44,660 ahead of the wider US close. It has rebounded today though and reclaimed levels above 45k once more. The price action so far this morning has been pretty sideways, as it seems to consolidate, what was a positive start to the New Year. The next hurdle remains as it has for several weeks now, at 48,552 (61.8% of the 68,991-15,485 fall). The range seen so far today has been covered by 44,836 to 45,423. Bitcoin is currently trading at 45,180 
 

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