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Bitcoin correcting recent rally

COINBASE:BTCUSD   Bitcoin
Bitcoin is correcting the rally from the 7/12 low.

Support is at $7200. Resistance at $7700.

Bitcoin touched the 50% retracement level of the rally from 7/12 at $7280.

The .618 level is $7000, which will provide support if $7200 doesn't hold.

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