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In fact, it’s not just a Bitcoin thing, it’s a risk asset thing. If the US dollar continues to strengthen overall, it’s going to continue to work against the cryptocurrency market. The 50-Day EMA continues to be a resistance barrier, and therefore I think it can almost be thought of as a downtrend line. Even if we break above there, we will have to clear the $25,000 level to make a serious statement of intent to go higher.

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