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Bitcoin drops back after extending recovery to above 65k today
The rebound in Bitcoin that really kicked off over the weekend, was extended yesterday and then even more earlier today. That move saw BTC rise above 65k earlier today. The high seen was set at 65,005. That move took the price above both the 50 and 100 day moving averages. Those are in place right now at 63,890 and 64,365 respectively. However, BTC has backed off from that high just now and it seems that is due to profit-taking after what has been a move of more than 20% in BTC over the past week or so. The low seen so far today has been set at 63,536. Bitcoin is currently trading at 63,700
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