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Bitcoin falls below technical support levels
The last update here on Bitcoin noted the proximity of the some important technical levels. Well, subsequent to that update BTC did fall below both its 50 and 100 day moving averages very late in the US session, right on the Asian handover in fact. BTC fell to a low at 60,281, taking out the 50 day moving average (now in place at 60,785) and the 100 day (now in place at 61,058). However, as the European markets get underway today, BTC is on the rebound, but it remains to be seen just how much legs that rebound has and of course the 60k price point remains as much on the radar as it was when first mentioned here a day or two ago. BTC is currently trading at 60,880
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