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Bitcoin Rebounds Above $30K; Resistance Seen at $34K

Bitcoin (BTC) returned above $30,000 assist throughout Asia hours as consumers reacted to oversold situations. The following stage of resistance is seen round $32,000 and $34,000 given the intermediate-term downtrend.

The short rebound above $30,000 is much like the June 22 shakeout which preceded a short value rally. Bitcoin was buying and selling round $31,400 at press time and is up about 6% over the previous 24-hours.

Source: CoinDesk


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