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Bitcoin takes out 63,875 support as enthusiasm wanes
The price action in Bitcoin so far today could be described as disappointing and if you are long of BTC then it surely is. The earlier attempts to hold above 65k and potentially push through 66k once more have now given way to another fall below 64k. It was noted here much earlier today; that a fall below 63,875 would probably dent the outlook for a move back above that 66k level and that is what has now transpired. BTC has fallen to a low around 63,515 a short while ago. The price is off that low now, but the failure to hold above 63,875 is not especially positive in the short term. BTC is currently trading at 63,725
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