Bitcoin In Midst of “Losing Some Steam” as Crucial Support Levels Near

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Bitcoin has pushed considerably higher since falling to $10,400 this week on news that BitMEX was being charged by the CFTC. The cryptocurrency wicked as high as $10,760 just a day ago as buyers re-enter the market. The cryptocurrency may be “losing some steam” on an extremely short-term basis, though. Bitcoin May Be Losing Some Steam Bitcoin has pushed considerably higher since falling to $10,400 this week on news that BitMEX was being charged by the CFTC. The cryptocurrency wicked as high as $10,760 just a day ago as buyers re-enter the market. The cryptocurrency may be “losing some steam” on an extremely short-term basis, though. One trader shared the chart below, showing that the cryptocurrency is on the verge of losing the daily and weekly volume-weighted average price: “$BTC looking like it is losing some steam here. Not a good thing considering the stair-stepping structure below that is prime…

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