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NEWS: Bitcoin nears one-week high but buyers still have much to prove to sustain the bounce June 03, 2021 at 07:13AM


Bitcoin moves up to $38,898 on the day
That said, any fresh spark for a renewed upside push on the latest bounce still needs to clear the $40,000 level as well as the 200-day moving average (blue line) @ $41,475 otherwise it is unlikely to be sustained – at least from a technical perspective.

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