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Bitcoin hands it all back as it reverses below 65k again

Well, each time BTC looks like its on the rebound and set to make a more northbound dynamic move, it starts then stalls again and that is what it has done yet again this afternoon. As noted here earlier, it seemed like the move just above the 50 and 100 day moving averages was nothing more than an exercise of hunting out stops. Well, right now that does look even more likely, because BTC has fallen back below 65k again, after earlier rising to a high at 66,488. It is just now forming a pretty well define hammer on the daily charts. If you care to look at that you will see what is being talked about here. Bitcoin is currently trading at 64,895

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