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Bitcoin on the rebound this morning
Yesterday Bitcoin tried a couple of times to make a move back above 100k. All that surrounded it yesterday indicated it should have done that. The dollar was lower, stocks were higher and US yields were lower. Add that to a rebound in the Nasdaq 100 and perhaps BTC should have performed better. Well, it did not and perhaps the slide close to 90k earlier this week rather knocked the stuffing out of the market and probably dented a fair degree of confidence too. So, after stalling yesterday afternoon, at 99,172, BTC fell back to reach a low earlier today, at 96,183. However, more recently it has been on the rebound again and not long ago it reached a session high at 98,462. Hence, it is back towards the upper end of a perceived 90-100k range. Can it launch another attempt on the topside today? We shall see. BTC is right now at 98,414
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Nasdaq 100 opens in the red
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US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
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