El Salvador’s President Responds to Bank of England | Bitcoin News
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Bitcoin News: 29th November 2021
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Singapore’s Coinstore enters India despite regulatory limbo; cites ‘optimism’ [LINK]
Bitcoin AUM falls 9.5% to record largest monthly pullback since July [LINK]
This meme coin surges over 28,00,000% in just 24 hours [LINK]
A Cryptocurrency Called Omicron Is Up 137% Since WHO Named New COVID-19 Variant [LINK]
El Salvador’s President Responds to Bank of England’s Bitcoin Adoption Criticism [LINK]
This exec believes Bitcoin will soon become the global reserve currency [LINK]
Tanzania Central Bank Reportedly Prepares To Launch CBDC [LINK]
Blow to UK crypto exchanges as new law prohibits tax returns claims [LINK]
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Technical Analysis:
It is making bullish harmonic pattern with a potential reversal zone at $50.9K, where EMA 200 and trendline are also acting as a strong support.
Currently the price is below the strong resistance zone and if breaks that resistance level of $56.5K then we can expect a good bullish rally in BTC towards a new ATH.
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