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Bitcoin $BTC plunge below $67,000 on the day start of Wednesday and found key psychological support price level near $66,500 and now it is trying to make a pullback, At the time of writing this bitcoin is trading near $67,200.
Bitcoin has to make a day close above $68,693 to keep the recovery continue towards $70,000. However a day close below $68,693 can result in the breakdown of the support of $66,500.
The Relative Strength Index RSI is at 24 in oversold territory aiming upward indicating that the Bitcoin can make a relief pullback.