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Bitcoin holds 64,500 again

Yesterday the downside in Bitcoin was very much in focus, as reported here a few times. BTC later hit a session low at 64,576, before a rebound into the wider US market close took place. Earlier today BTC tried the downside again and that 64,500 held the slide in check once more. The low seen earlier today was set at 64,555. It has rebounded back above 66k since. So, we have a potential interim double bottom just ahead of 64.5k right now, but at this stage in the day that cannot be taken as read. That said, the price action so far remains well below its 21 day moving average (right now at 67,832) and that is not a positive. The next support of note in that respect is the 50 day moving average and that is in place right now at 63,053 and it is still rising steeply. The range seen so far today has been covered by that earlier low and a high since then at 66,847. Bitcoin is currently trading at 66,020

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