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Further to an earlier update noting Bitcoin running into sellers above 92k this morning, the lead can has now slipped back further and has dropped below the 90k handle. The failure above 92k earlier today is what has delivered this further move to the downside. Perhaps it is now a question of; how much further this has to run in that direction before willing buyers step back in. That is hard to say right now, but what is clear, is that any fall below 87k from now on might see those guys hold off on that. The reason for the move lower looks vested in the rebound in US yields noted in the previous update. The low seen a short while ago was set around 89,670. BTC is currently trading at 89,825
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