Bitcoin (BTC/USD) extended recent gains early in today’s North American session as the pair strengthened to the 37989 area after trading as low as the 31990 area during the European session.  Strong selling pressure emerged during the European session that saw BTC/USD rapidly decline from above 33100 to 31990, representing a test of the 61.8% retracement of the appreciating range from 25772.55 to 41986.37.  Following the rebound, BTC/USD tested the 23.6% retracement of…

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