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RE: Bitcoin tops $5,000 and then promptly sells off 10%

in #cryptocurrency7 years ago (edited)

Anything that goes straight up without any retracement is not healthy and probably a mania. Bitcoin is on fire, for sure, but I'm afraid many of the investors are expecting 100% gains every day and that to is not healthy either. I'd like to see BTC hover in the 4800's for a couple of weeks before it's next leg up. It needs to build a solid base, otherwise the swings will be lethal.

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