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Bitcoin ended Sunday (UTC) nicely above $61,000, confirming its highest weekly shut and placing the lifetime worth report of $64,801 on the map.To date, the follow-through has not been spectacular. The cryptocurrency was buying and selling close to $61,300, having confronted rejection round $62,600 early as we speak.Since Friday, consumers have failed a number of instances to ascertain a foothold above $62,000. That, coupled with the decrease highs on the relative energy index (RSI), signifies scope for a brief worth pullback.Failure to defend Sunday’s low of $58,943 could convey stronger promoting strain.Nonetheless, optimism stemming from the U.S. Securities and Trade Fee’s tacit approval of a bitcoin futures-based exchange-traded fund is prone to hold the cryptocurrency nicely supported on worth dips.Additionally learn: CME Sees File Open Curiosity in Bitcoin Futures Forward of ETF Debut
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