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Since an earlier update here today noted the price action in Bitcoin yesterday and earlier this morning, the price action over the past couple of hours has been characterised by a series of very short-term lower highs. If you look at an immediate chart of BTC you will see that. The earlier Asian low (94,914) is still guarding the downside for the time being, but the failure to really clear much above the 95k level is also a negative in the very short-term. If BTC does break below 44,914 then it will likely use stops that trigger the move. BTC is currently trading at 95,015
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