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Bitcoin defies the odds but backs down from above 28k
Since my last update here exactly a week ago, Bitcoin has been performing very well. It has defied all that has been going on around it in terms of the dollar and bond markets and that saw the lead coin rise to above 28k yesterday. The high seen was set at 28,576, from a low seen on September 27 at 26,095. The price action so far today has seen the price edge back to as low as 27,318. It is lifting back up a bit now, but as you can see it is still well above all the interim resistance levels it has recently taken out. The high so far today has been set at 27,874. It is just now trading at 27,625
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US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
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