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Bitcoin takes a hit towards 65,500

In the past few minutes Bitcoin has met with a seller. The lead coin has just dived back below 66k and towards 65,500. It is not clear what caused the abrupt sell off, but it could stemmed from an earlier drop back below its 50 day moving average again. That was identified here earlier and is now in place at 66,075. The low seem so far has been set at 65,601 and it is currently not that far above the low. Bitcoin is currently trading at 65,650

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