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Bitcoin breaks below 60k

16 Nov, 2021

Since the last update here on the progress of both Bitcoin and Ether, there has been no significant rebound in either lead coin. In fact, Ether has remained under pressure and has nearly fallen back below $4,200 now this morning. At the same time Bitcoin has tried to rebound back above 61k, but that effort appears to have blown out now and it is edging its way back towards a test of 60k once again. As to what happens if 60k is tested remains unclear, but there could be two-way orders clustered around that level for sure. The price has indeed just now fallen below 60k, seemingly tripping some stops below the level. The price action is rapid and fluid and still ongoing. It is just now fallen to as low as 59,705 and is currently trading at 59,810

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