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Bitcoin kicks off the new month on the front foot
Later on Friday Bitcoin extended its downside move after the European close. BTC dropped to a low at 59,927. It then rebounded and steadied above 61k in weekend trading. That led to a rise back above 62k on Sunday evening and a further rise earlier today. That rise finally took out the noted resistance at 62,408 and the break there has yielded a move to above 63k today. That has seen BTC lift close to its 21 day moving average. That is in place right now at 63,983. The high seen so far today has been set at 63,728, but it has backed- off from there now. So, it seems that 21 day moving average is a level very much on the radar today. The earlier Asian low today was set at 61,753. Bitcoin is currently trading at 63,315
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