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Bitcoin recovers from a test of support

Yesterday Bitcoin did fall back further after stalling above 43k. The lead coin dropped to test its 21 day moving average after the 4pm London FX fix. The fall towards 41,800 did edge just below the 21 day moving average, but not in any meaningful way. Besides it soon rebounded into the wider US market close and earlier today that rebound saw it come very close to 43k once more. The high seen so far has been set at 42,999. The 21 day moving average is still rising steeply and in place right now at 42,090. So, as you can see, the immediate trend remains upward in trajectory. The range seen so far today has been covered by that noted high and an earlier low at 42,199. It is currently trading at 42,820
 

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