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Bitcoin: Record highs & Bearish RSI divergence

Bitcoin clocked a fresh record high of $4464 levels in the overnight trade before falling to a low of $4175 levels. 

The retreat from the record highs has confirmed a bearish price RSI divergence on the 4-hour chart. Despite the bearish reversal pattern, the bears are struggling to take out the rising trend line support currently seen around $4260 levels. 

As discussed here yesterday, the record highs followed by bearish divergence could yield a bigger sell-off in the virtual currency. 

As per coinmarketcap.com, BTC hasn’t changed much over the last 24 hours. BTC/USD currently trades around $4305 levels. The market cap of BTC currently stands at $71.08 billion. 
 

NZD/USD upside capped below 0.7300 on risk-off, poor China data

Persisting moderate risk-aversion combined with a dip in the Chinese new home prices continue to keep a lid on further recovery in the NZD/USD pair.
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China’s NDRC approves $24.8 bn worth of fixed-asset investment projects in July

Reuters out with the latest headlines from China’s state economic planner, the National Development and Reform Commission, citing that China approve
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