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Bitcoin steady after rejecting 11k again

28 Sep, 2020

Earlier today Bitcoin managed to make a move outside of the weekend range that had seen the price largely confined inside 10,500 to 10,800. However, the upside run in very early Asian trading stalled ahead of reaching 11,000 when peaking at 10,949. It has not backed off much though, and has remained elevated above 10,800 ever since. The trading in Europe so far has been largely sideways in what is a very narrow range for the lead cryptocurrency, with 10,840 to 10,920 covering the price action. One reason for this might he that the there is a lack of real traction in the EUR/USD thus far, albeit that the price there is higher now today. Beyond all of that, the wider price is still trading inside the 50 and 100 day moving averages. Those are in place today at 10,488 and 11,097 respectively. Bitcoin is just now trading at 10,880

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