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Bitcoin swings either side of technical level again
Yesterday Bitcoin managed to recover a fall below its 200 day moving average (then at 63,652). For your guide that 200 day is still falling and in place this morning at 63,633. Well, the rebound to above 64k again yesterday afternoon, then also fell victim to the comments from Jerome Powell. That resulted in a low seen earlier today, at 62,860, but since then it has rebounded again and a short while ago it lifted to a high at 63,846. So, as you can see it keeps flipping either side of that technical level and this kind of indeterminate price action may continue. We shall see on that, but in truth the lead coin is being pushed around by outside factors again it seems. BTC is currently trading at 63,655
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