XBTUSD News

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Last Updated Date: 10 August 2021 @ 7:06 AM (UTC)
*Please note that all the dates are in GMT time zone

Bitcoin’s (BTC) rally above $45,000 suggests that the short-term sentiment has turned positive and this has increased buying interest across the board and pushed the total crypto market capitalization above $1.8 trillion.

The market is showing a short term upturn with the rally attacking the 47490 retracement resistance. A close over 47490 alerts for a larger emerging bull drive to 51685. Any corrective dips will likely stabilize within Friday’s accelerating upturn range, holding off the 43298 area. Only a close under 39879 signals a reversal of the upturn.
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