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BTC/USD: Looking for Momentum
We've gone back and forth during the session on Wednesday as the Bitcoin market doesn't really know where it wants to go yet, but it is in a range, if you will, as we continue to hang around the $105,000 level. The $105,000 level, of course, being halfway between the psychologically crucial $100,000 level, and the psychologically crucial $110,000 level, area that had been a double top previously. I'd also point out that the 50-day EMA currently sits just above the $100,000 level, so I think that makes it even more interesting. When you look at Bitcoin, over the course of about six weeks, we gained about 40%, and ... (full story)