PistonHonda

Bitcoin Daily Market Update

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Yesterday Bitcoin managed to momentarily break through 34K resistance during US trading hours before seeing another pullback at 35K where supply supply is still present.

Whilst the 30K area is well defended the 33.5K is now important for the Bitcoin bulls to hold in order to sustain this possible rally. There is news in the headlines about Paraguay proposing a bill to accept $BTC as a legal tender, US market open is worth watching to see if any rally materialises

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