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BTC/USD: Stuck in a Range
Bitcoin initially rallied during the trading session on Wednesday but still can't really find any momentum. It is currently between the 50 day EMA and the 200 day EMA indicators. This, of course, will capture a lot of attention. So, it'll be interesting to see how this plays out.Nonetheless, this is a market that I think will be very difficult to get a grasp on in the short term because nobody really knows what the risk profile is going to be. After all, there was some excitement about the idea of a strategic crypto reserve in America, but that's got nothing to do with Bitcoin. It's just Bitcoin that they have ... (full story)
