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NEWS: Bitcoin trades to a new session low. May 21, 2021 at 08:32PM


Tests the swing low near $36,100
The move lower today was prompted by a reiteration from China of restrictions on bitcoin mining.  That sent the price down to and through the 50 hour moving average currently at $39,652 (blackline in the chart above).  Earlier, the price had tested the 100 hour moving average (blue line) only to fail.  It will take a move

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