Bitcoin Technical Analysis – The negative mood weighs on the cryptocurrency ...Middle East

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Bitcoin Technical Analysis – The negative mood weighs on the cryptocurrency
Fundamental OverviewThe markets went into risk-off on Tuesday after the strong US Consumer Confidence data which triggered an aggressive rise in long term Treasury yields. The report however just showed that the labour market remains resilient which is good news for growth and not necessarily bad news for inflation. The month-end flows could also be skewing the picture. The negative sentiment weighed on Bitcoin although much less than in other markets, which might also be a signal that as soon as the sentiment changes, we could see some more upside. Bitcoin Technical Analysis – Daily TimeframeOn the daily chart, we can see that Bitcoin is testing the 67275 support. This is where we can expec

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