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October 13th, Bitcoin (BTCUSD) is trading at $26,793.09 with a 24-hour volume of approximately $9.43 billion. Despite a minor 0.04% dip in the last day, it firmly holds with a market cap nearing $522.79 billion.
This dominant cryptocurrency has 19,512,131 BTC in circulation out of its maximum 21,000,000 BTC. Technical analysis from a 4-hour chart reveals a pivot point at $27,208.
Resistance levels are marked at $27,909, $28,636, and $29,304, while support is seen at $26,461, $25,779, and $25,044.
With an RSI of 33, the momentum suggests a potential oversold condition. The 50-day Exponential Moving Average stands close to the pivot at $27,284.
The immediate trend appears bearish if Bitcoin stays below $27,208.
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