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XBTUSD News

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Last Updated Date: 25 May 2021 @ 6:51 AM (UTC)
*Please note that all the dates are in GMT time zone

Cryptocurrencies drifted lower in Asia after making their best attempt at a bounce yet on Monday from last week's lows. Bitcoin fell 0.2% to $38,050.97, paring the previous day's 12% gain. Ether slid 3% to 2,571.73, following a 26% rebound on Monday.

The market is triggering a reversing turn and calls for retracements to attack 41859 and 46385 resistance levels. Closes over 43000 and 43601 are bullish. Be careful for a setback from 43000  on the first test and slip into some sideways consolidation days. Wednesday’s stalled rally just shy of 43000 may have already found a near term extreme. A close under 354818 is bearish.
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