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Bitcoin Again Bounces Off 'Cloud' Support, Resistance at $42.6K

The Ichimoku cloud has consistently acted as a support during recent market swoons.

By Omkar Godbole
Updated May 11, 2023, 4:38 p.m. Published Mar 14, 2022, 11:42 a.m.
Bitcoin's weekly chart, highlighting the Ichimoku cloud support and recent bull failure above $42,600 (TradingView)
Bitcoin's weekly chart, highlighting the Ichimoku cloud support and recent bull failure above $42,600 (TradingView)

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