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Bitcoin takes it close to the next level and backs away
Following on from earlier updates on Bitcoin, the lead cryptocurrency has made further progress and just now risen above 42k for the first time this year. That means it is now close to the next noted technical level, at 42,238. It has not quite gotten there, but it has come close so far, reaching 42,144, but is is just now backing away from that high. In fact the rejection of that level is dropping back further right now as a degree of immediate profit-taking seems to kick in a bit more. Bitcoin is currently trading at 41,690
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