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Bitcoin and Ethereum Inch Higher But Downtrend Intact, Altcoins Rally

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This past weekend, bitcoin extended losses below the USD 20,000 support level and even tested the USD 17,500 zone before the bulls appeared.

It is currently (04:05 UTC) trading near USD 20,050 while a major hurdle is near USD 21,200. BTC is up 9% in a day and down 25% in a week.Similarly, most major altcoins are attempting an upside correction.

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