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Bitcoin has a look below its 100 day moving average

In all the most recent updates here on Bitcoin the prospect of more downside has been a feature of the narrative and it was again yesterday too. Well, eventually Bitcoin did fall below 60k and then the slide continued to just below a noted support level- the 100 day moving average, which was in place then at 59,245. The low seen was set at 59,105, but it did rebound sharply from that low earlier today. That saw it lift back close to 61k. The high seen much earlier in the Asian session was set at 60,989. The low since that high has been set at 59,530. That low has this time resisted a fall below that 100 day moving average, which is still rising steeply too. It is in place right now at 59,436. There is also downside trend line support, stemming from lows since March 15. If you look at a daily chart you will that. That said, the most recent rebound is not exactly convincing at this stage. The firmer dollar, higher US yields and lower stock markets have all played a part in driving BTC to below 60k this week. It is currently trading at 60,190 
 

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