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An update here yesterday afternoon noted the push higher in Bitcoin and how all the surrounding conditions at the time were supportive for a move back above 100k. Well, eventually BTC did push above that level, but the gains seemed hard fought. Earlier this morning BTC did lift a bit more but once again it seemed like a struggle when it topped out at 100,847. It has since edged back down to a session low at 99,165, but it is off that low now. In really terms not much has changed since yesterday afternoon, expect for the fact that the dollar is of its lows. US yields are still subdued and the immediate outlook for stocks remains positive, so we shall see how BTC fares from here on. It is currently trading at 99,705
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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