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Bitcoin Holds Support; Next Resistance at $50K

Bitcoin (BTC) rallied above $45,000 as upside momentum improved over the previous two weeks. The subsequent degree of resistance is seen at $50,000, which might restrict additional upside given short-term overbought alerts. Bitcoin is up about 2% over the previous 24 hours – round $45,600 at press time and holding assist above $40,000.

Source: CoinDesk


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