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Bitcoin Finds Friends in New York
The bitcoin market initially did rally early on Monday but gave back gains rather quickly. At this point, it looked like the market was going to pull back into a consolidation region, but what a difference just a couple of hours makes. Once the Americans came on board, it was bullish again, as Bitcoin took off to the upside. At this point, it looks like the market could go looking toward the next major resistance barrier, near the $52,000 level. Underneath, the $47,500 level is an area where we have seen previous resistance, so therefore it should be a massive support level. All things being equal, the market is ... (full story)