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Bitcoin (BTC), Ethereum (ETH) – Trying to Build a Base Off Multi-Month Lows

From dailyfx.com

In last weekend's Bitcoin article I noted that support at just under $40k would need to hold if Bitcoin wanted to look to re-set higher. 'A combination of weak fundamentals and technicals leaves Bitcoin testing lower levels to try and find the next level of support. BTC is testing a support zone between $39.6k and $41.7k as we write...' Bitcoin (BTC), Ethereum (ETH) - Collapsing Into Multi-Month Support as Sellers Triumph On Monday this week Bitcoin touched $36.7k before rebounding sharply and posting a mid-week high around $44.5k. This range now looks likely to hold in the short-term with little reason to break ... (full story)

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  • Category: Technical Analysis