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Bitcoin snaps downside correction as it follows US stock markets higher

Well, the sometimes very loose correlation between Bitcoin and the wider markets was in clear evidence yesterday evening. The lead coin did take full advantage of the surge in US stocks and slump in the dollar, following the Dovish Fed hold. That all helped to drive BTC above its 21 day moving average into the wider US close and in the process snap its recent downside corrective run. That 21 day moving average is right now in place at 67,336. The high seen earlier today has been set at 68,221, but it has backed away from that since, falling to a low seen a short while ago at 66,102. However, it is on the rise again just now, currently trading at 67,175 
 

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