Bitcoin touches below $80,000 ...Middle East

Bitcoin is currently trading down $3000 and just above $80,000. It fell as low as $79,370 a few minutes ago, touching a session low as broad risk trades are beaten up.

Many 'Trump trades' have done a full reversal, including Tesla which is down 9% and is now trading below pre-election levels.

We could be seeing a retest of that old range and that's where I would expect stronger bids to show up.

At the moment though, there is a major deleveraging unfolding across markets.

This article was written by Adam Button at www.forexlive.com.

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