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Earlier today Bitcoin did have a brief look below a repeatedly noted technical level at 62,408. Well, it did not stay down there for long and besides the fall was only just through the level. The rebound that followed saw it push back above 63k again. Well, since then BTC has now fallen to fresh session lows, below 62,200 a moment ago. The combination of a rebound in US yields and a firmer dollar, following the higher than expected JOLTS data has helped to push BTC lower. The low set a moment ago was at 62,186 and now remind to be seen; how far below 62,408 this move will extend. BTC is just now trading at 62,295
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
The April US ADP private payroll report has just been released. As noted here earlier, the markets were looking for a lower number this month around...
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