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Bitcoin lifts to session highs above 58,500

Bitcoin is on the rebound right now and rising above 58,500 as this update is typed. The move higher is now taking the lead coin back closer to the already noted 100 day moving average, that it busted below so decisively yesterday. That moving average is still rising and in place right now at 59,600. So, it remains to be seen, if this recovery will extend far enough to retest that level. The high set a moment ago was at 58,658. Bitcoin is currently trading at 58,575
 

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