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The noted slide in Bitcoin yesterday afternoon saw it fall from a new all time high at 108,315. The low seen ahead of the wider US market close was set at around 105,700. BTC has extended that downside move to a low a little earlier at 103,280 and that low is pretty near the previous record high set back at the beginning of the month. That is not to say it will not fall further today though, but for now 103k has seemingly arrested the fall. The high seen earlier today was set at 106,490, so it probably needs to vault that in order to mitigate further downside risk. In truth, from a technical perspective, there is very little this side of 100k to note in terms of support and the current price, whilst off its highs, is still some way elevated above all its medium term moving averages. Bitcoin is currently trading at 103,745
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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