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XBTUSD News

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Last Updated Date: 27 May 2021 @ 6:57 AM (UTC)
*Please note that all the dates are in GMT time zone

Cryptocurrencies bitcoin and ether were up a fraction of 1% and steady after a volatile weekend.

Iran has banned the energy-intensive mining of cryptocurrencies such as bitcoin for nearly four months, as the country faces major power blackouts in many cities.
 

Trade is back up around the 42450 resistance level, leaving the market on the balance level between bull / bear trend forces. A close over 42450 implies rallies to 46703. A close over 46703 is bullish. Be prepared for additional near term dips and consolidation back inside Monday’s range, but trade should try to hold near 34794. A close under 34791 is bearish.
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