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Sunday, November 27, 2022

Bitcoin Upside Stalls; Lower Support at $38K-$40K

Bitcoin (BTC) is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to $40,000 support zone.

Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second largest cryptocurrency.

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