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Bitcoin rebound comes unstuck again
Yesterday evening Bitcoin made a move above its 21 day moving average (then at 67,660) and the break above that level initially led the lead coin to rise above 69k, as BTC seemed to attract something of a safe-haven status given the latest news concerning the Middle East. That saw BTC rise to 69,336. However, it seems like sellers has taken advantage of that move and further risk aversion, to bank gains and that has pushed the price back down again. BTC has now reversed that move above its 21 day moving average (now at 67,643). The low seen so far today has been set at 66,431. That moving average is still falling as you can see. Bitcoin is currently trading at 66,910
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