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“On the finish of August, bitcoin confirmed an overbought downturn in its month-to-month stochastics in a setback,” Katie Stockton, Fairlead Methods’ founder and managing companion, stated in a word to purchasers on Monday. “The downturn suggests the basing course of could also be drawn out, particularly given the overhang of the month-to-month cloud mannequin, which reinforces resistance (~$31.9K) from the weekly cloud mannequin.”
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