Bitcoin fell about 8.1% against the dollar in this new month. The rate deprecated the fourth day by concerns and speculations about an oversight regime and monitoring rumors.

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The gains of the previous month that were about 18.4%, still serve as a bullish bias for this rate, specifically with the current retracement towards a lower VWAP close level as a possible buying area.

The Quarterly DVAH level might be the next line of support in case of a further drop. Resistance might emerge sellers around the higher untested POC levels.