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Bitcoin Tests Higher Levels

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Bitcoin is tending toward the upper bound of the range at $20.4K or so at the time of this writing. We are just below a strong level of resistance at $20.7K. If recent history serves as a good indicator, we should see strong resistance here, and are likely to reject this level, and test the lower bound of the range again at $20K or $19K. If we can muster a breakout, then $22.4K is a likely target.

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