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Bitcoin Continues to Look for Floor
The Bitcoin market initially fell during the trading session on Monday to reach down towards the $40,000 level. The $40,000 level is a major large, round number that a lot of people would pay attention to.The 50-day EMA is an area that of course attracts a lot of attention as well, and the fact that we are hanging around that indicator comes into play as well. If we do break down below the $40,000 level, then I think Bitcoin has a real shot of dropping down to $38,000. What I find interesting is that the Bitcoin market has done nothing but fall since the announcement of the Bitcoin ETF. I wondered whether or not this ... (full story)