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BTC steps back from a brief visit above 84k seen earlier this morning
Earlier this morning Bitcoin fell to a fresh European session low at 81,117. The rapid rebound that followed saw it spike to just above 84k and in the process recover back above its 200 day moving average (in place now at 83,364). The high seen was set at 84,016. In truth this analyst cannot exactly pinpoint what delivered that shunt higher, besides it has since fallen back close to 82k after the move was not sustained. That said, BTC is trying to rebound off the low seen a short while ago, but it remains to be seen if it can push back above that 83,364 technical level once again. Much will depend on how the US stock markets perform when they open earlier this afternoon, at 1.30pm GMT. BTC is right now trading at 82,565
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