I am wondering how this will play out, as there is a lot of hype and typically news only goes so far but there is a lot more to this this time round than previous cycles. There's also the halving coming up which will see Bitcoin rise in value again no doubt.
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It could be the sell the news. That is certainly possible. We will see how it all unfolds.
I do believe it will be the kickstart, with other factors such as the halving, coming into play.