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Bitcoin rebounds from below 60k but technical risks remain

Yesterday as covered here at the time, Bitcoin fell below 60k, after it seemed to trip a load of stops below 62,00 and then below 61,615. The low seen was set at 59,687 after an update here noted it was at 59,888, before that final push lower. The rebound that has followed since then has seen the price briefly rise above 62k again. The high set earlier today was at 62,220, but it has backed off that now. The price action was very fluid yesterday and there is no reason yet, to suggest that will not be the same again today. The next big level on the downside is the March 5 low at 59,317. If that gets taken out then it will confirm a double top in place on the longer term daily charts, at 73,797 and 72,732. Bitcoin is currently trading at 61,380

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