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BTC runs into a buyer sub 58k
Following an earlier update here this morning, Bitcoin took out its overnight and weekend lows and fell to a fresh session low at 57,686. However, it was not down there for more than a nanosecond and has rebounded again sharply. The fall below 58,168 looked like it sparked a rush of fresh selling which was probably related to stops. The rebound since the low has been set at around 58,970. The immediate configuration on the short-term chart would suggest it can make a further move higher, but that is not guaranteed of course and requires the lead coin not to suffer another relapse below 58k from here on. BTC is currently trading at 58,730
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