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Bitcoin reclaims 96k but for how long?
In the past few minutes we have seen a buyer step up to the plate and snaffle Bitcoin and take it above the 96k handle. The move higher comes even as the dollar remains on the front foot and US yields remain elevated. The 10 year note is in place right now at 4.542%. The earlier Asian high was set at 96,412, as noted here earlier and that is the next level to note this morning. If the price can get above that level, then it might extend some more, but we shall have to see on that. Conversely, any fall back below 94k from here on could equally deliver a deeper relapse. The high seen a moment ago was set at 96,025. It is currently trading a little lower, right now at 95,890
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