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Please take a look at the support and resistance on BTC this morning

Please take a look at daily chart of Bitcoin. If you do that, you will see the price action since the 56,527 low (May 1) has been defined by a series of higher daily lows and that has created a supportive trend line that has more, or less held on the downside since then. Today that trend line is in place around 61,450, but earlier BTC did just break that, when it hit a session low at 61,325. So, as you can see, that was not conclusive at this stage and it is still pretty close to the current price action.There is also no guarantee it will hold, if put to test again. That means there is a risk, that a dynamic break below 61,325 again could snap that run, of higher daily lows. On the topside the 100 day moving average (which is still rising) has so far capped the gains today. That is in place right now at 62,215. The high seen so far today has been set at 62,046. Bitcoin is currently trading at 61,915

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