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Now Bitcoin takes out 94k
Further to the penultimate update on BTC, where the risk of a deeper fall below 95k was highlighted, the lead cryptocurrency has now fallen below 94k. This move just extended to around 93,750. The drive below 95k was always likely to throw up stops and that is what it appears to have done just now. The noted dynamic on the daily charts was not supportive, as mentioned and now you can see why that observation was conveyed to you.That said, BTC has just bounced a bit now, but it remains to be seen, if that bounce can extend back above 95k from here on ahead of the wider US markets close this evening. Bitcoin is currently trading at 94,080
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