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Bitcoin price retested the $35,000 support level against the US Dollar. BTC is now rising, but it must clear $37,000 and the 100 hourly SMA for a steady increase.
On the CBDC (Central Bank Digital Currency) front, Bank of Thailand has started prototyping a digital currency format with a horizon of three years to implement. More such experiments are likely and will boost adoption of the cryptocurrency market in future.
Bitcoin price climbed above the $38,000 resistance against the US Dollar, but it failed near $39,500. BTC is correcting lower and it might dive if it breaks the $37,000 support.
Bitcoin price made another attempt to clear the $38,000 resistance against the US Dollar, but it failed. BTC is correcting lower, but it might find bids near the 100 hourly SMA.