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Bitcoin stalls above 99k once more
An update here yesterday noted how Bitcoin had run into resistance above 99k the day before. Well, it tried to vault that level again yesterday, just ahead of the BOE policy decision. BTC topped out then at 99,172 and since then it has fallen back to a low at 95,707 ahead of the wider US market close last night. It rebounded again earlier today, but that rebound has so far stalled at 97,890 and it is backing down a bit more just now. The low seen prior to that high was set at 96,200. The continued failure to reclaim 100k, or even hold onto levels above 99k is surely a concern. So, once again we go back to the price action at the beginning of the week, when BTC crumbled to 91,304. As noted here yesterday too, that fall surely knocked confidence and it does not appear to have come back with enough desire to yet resume the uptrend. BTC is right now at 96,800
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