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Bitcoin sets clearly defined double top on the daily charts

As noted here yesterday morning, Bitcoin came very close again to trading above 38k. The high seen at 37,972 matched the previous 2023 high set on November 9, when it topped out at 37,973. The drop that followed yesterday saw BTC fall to 35,520 later yesterday evening. It has rebounded from that low now, but what it has clearly done; is to set in place a very exact double top on the daily charts, at 37,973 and 37,972. Now this is either going to become a target for the market to aim at, or a price point that will define the top of the recent higher trend. That is hard to determine just now, but all the while it remains intact, there is a risk of this defining the end of the run. We shall just have to see on that. The range seen so far today has been covered by 35,948 to 36,673. Bitcoin is currently trading at 36,400

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