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Bitcoin steadies in Asian trading today
Yesterday the noted slide in Bitcoin heading into the 4pm London FX fix smacked of a sell order based for that event. The low seen just after that and ahead of the wider European close was set at 58,605. It has managed to bounce since then but at the same time, it has remained camped south of the 60k level so far today. The price action has been broadly sideways inside a range covered by 58,817 and 59,552. The next move here could be decisive, but at this stage still uncertain as to which direction it will take, north or south. The noted 50 day moving average is still falling further below the 200 day (still rising and now at 62,827) and it is in place right now at 61,296. As you know an attempt to vault that decisively yesterday was unsuccessful. BTC is currently trading at 59,320
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