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Bitcoin price bounces from key support, run-up to $16,500 in the offing?

Bitcoin price is pivotal at $16,000 after reversing from the 50 SMA support.
BTC/USD bullish cycle to $20,000 requires Bitcoin to climb above $16,500 and $17,000 as FOMO will support the remaining part of the journey.

Bitcoin has reclaimed the position

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Ledger Nano X - The secure hardware wallet