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RE: BITCOIN: Symmetrical Triangle broke out finally by the bottom...

in #bitcoin • 7 years ago

I think the "only" movers remaining at the market are right now the "traders" sector... the majority of the rest I believe they are really long term holders...
If BTC goes below 3000 USD it would mean a crash of the total market of more than 100 Billion USD... It looks, either, a super long bearish period or long term holders escaping massively...
IMO, I see more realistic to look for a bottom around 5000 USD...but you may be right as well since you live what happened after 2014 peak...
Cheers!

7 years ago in #bitcoin by
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