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BTC extending below 93k now
The further rise in the dollar versus the European currencies and correspondingly higher US yields has understandably weighed a bit more on Bitcoin. The lead cryptocurrency has now fallen back underneath 93k. The low seen so far gas just been set at 92,596 and it might not be finished with yet. An earlier update here this morning highlighted the risk of a double top on the daily charts ahead of 96k and the risk of that being set in place has certainly not been diminished by this further fall right now. To repeat; that would be confirmed if BTC takes out 91k on the downside. It is currently trading at 92,890
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