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Bitcoin rides across the page so far today
Yesterday Bitcoin did drop back and the fall extended until the 4pm London FX fix. BTC fell back from an earlier high at 27,239, to as low as 26,379, as the dollar rose and the US stock markets fell back after the opening. It has rebounded a little off that low since then, but if you look at a chart you will see it has been mostly traversing across the screen for the past few hours. The range seen so far today has been covered by 26,488 to 26,678. The 50 day moving average is still falling and now at 27,049. The nearest support is now the 21 day moving average and that is rising slightly and in place right now at 26,206. So, for the time being, as you can see, the price action is sandwiched between those two moving averages. BTC is currently trading at 26,613
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