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Bitcoin tests 50 day moving average and steps back slightly
The combination of a weaker dollar and yet further gains in the global stock markets have helped Bitcoin to rebound once again and this time it has tested and slightly surpassed the noted 50 day moving average. That is still falling and in place today at 61,381. The high seen earlier today was set at 61,416. So, as you can see it did slightly edge that level, but not yet in any kind of conclusive way. The price has since backed off to below 61k. The low seen since the high has not long ago been set at 60,998. Bitcoin is currently trading at 61,050
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