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Since an earlier update here on Bitcoin the price has fallen back further and not too long ago the lead coin dropped to a new session low at 62,244. That means it has fallen back closer to the 50 day moving average again. That was in place earlier at 62,006. As a result of this further relapse this morning it has now dropped to 61,993. Hence, it is still guarding the downside for the time being. Besides BTC has now rebounded back above 62,500 and it is currently trading at 62,535
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