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Bitcoin takes another hit to test 57k
Not that long ago the attempted rebound in Bitcoin stalled just above 59k, at around 59,100 and the failure to extend much back above its 200 day moving average (now at 58,399) delivered another relapse, once that level was taken out again. The fall extended to test the 57k level and actually pretty much nailed that according to the data here. The low was set at 57,003. However, it is trying to rebound again right now, but all the while it is back underneath that 200 day moving average, any such rebound might prove inconclusive. BTC is currently trading at 57,650
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