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RE: Bitcoin Technical Analysis: Could be about to break up, or break down soon?

in #bitcoin7 years ago (edited)

Yes, I agree: when we've seen a 10x increase of the last 6 months in crypto there are still a lot of people that will want to take their profits. I've heard this phrase before: 'the price has to go down before it can go up again'. I.e., it needs to go down low enough in order to shake out everyone who might still be thinking of selling - and only after that can it have prospects of reaching a new high!