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Bitcoin lifts above 62k

Earlier this morning an update here noted that Bitcoin was meeting resistance ahead of it 100 day moving average (61,810). Well, since then BTC has just not lifted above that level and fresh buying through this level has taken the lead coin back above 62k for the first time since last week. It has just jumped above 62, towards 62,500. The move looks entirely technical at this stage, but the fact that 60k did hold at the back end of last week and over the weekend too, is a factor to consider, when understanding the further rebound this morning. Bitcoin is currently trading at 62,350 
 

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