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Bitcoin Momentum Improves; Faces Resistance at $34K

Bitcoin (BTC) is holding onto features after a robust return above $30,000 on Wednesday. The cryptocurrency is beginning to stall round $32,400 at press time and is up about 2% over the previous week.

Quick-term momentum is enhancing, albeit inside an intermediate-term downtrend that started in April. Preliminary resistance is seen on the 50-day shifting common close to $34,000.

Source: CoinDesk


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