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RE: Bitcoin Update: Technical Analysis (17/01/2018)

in #bitcoin7 years ago (edited)

I hope you're right, the last week or so has not been kind! I'm a relative newbie but rather shocked that Bitcoin has been so subdued the past month or two after going near 20,000. It seems that in the past coins just went up but now they go up and crash back down. Perhaps this is a response to the recent exponential rise in many coins, or is it a shift resulting from all the hype and new buyers....are the days of huge gains over?...if so then I missed the boat.

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I personally wouldn't worry until bitcoin drops below 10k. If it drops below 10k then you can be concerned. Its very unlikely for it to drop that low with billions of dollars flowing into cryptocurrency still.

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