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BTC/USD: Drops to Support Region
Bitcoin fell on Thursday, as traders are having issues with risk appetite. That being said, markets are also facing a three-day holiday in America influencing things. Bitcoin falls during the Thursday session as we are hanging around the $64,000 level and perhaps even more importantly, the previous resistance barrier from an ascending triangle. I think the Thursday session shows an interesting dichotomy because rates are dropping and Bitcoin is not taking advantage of that. So, this is something that we have also seen in the precious metals markets, so I think you've got to look at this as a sign that perhaps ... (full story)