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Bitcoin stalls ahead of 107k and turns lower in Asian trade
Yesterday afternoon leading into the 4pm London FX fix, Bitcoin lifted to its best levels of the day. BTC rose close to the 106,500 mark. However, it was not able to sustain the move and it did not threaten the series of prior highs noted here, above 107k. The price action so far today has seen it drop back and not that long ago it set a session low, at 103,943. Once again the price action seems to belie continued outlook from many analysts, calling for gains well above 110k. The view here on that remains kind of neutral to be honest, but there is no denying the underlying trend. The high seen earlier this morning was set at 105,336. BTC is right now at 104,670
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