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Bitcoin rises above technical resistance levels

Yesterday afternoon, Bitcoin made a move higher, once it took out its 21 and 50 day moving averages. Those are in place this morning at 42,249 and 42,875. So, as you can see the 21 day has now crossed below the 50 day moving average, but that did not stop the further rebound. Well, at least it has not for the time being. The push above both of those levels came right on the 4pm London FX fix, as BTC lifted above 43k. That move extended further earlier today, when it reached a session high so far at 43,771. It has backed off from there now, but has held the 43k level so far today. The low seen earlier was set at 43,082. Bitcoin is currently trading at 43,325

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