Another awesome analysis @stephenkendal ! Thank you for this information. I was afraid that the markets would keep on going down as we get closer to 1st of August, but it looks like the markets are actually stronger than expected. Another look on the issue is the illusion that the markets are recovering, which usually happens after a big drop, the markets start going back up, and people are lured by the illusion that the bearish trend is over, just to be followed by another drop, at the end of which the real corrections start to happen. I think that we're in that illusion phase, and we might see another big drop over the next month until the waters settle with the bitcoin update/fork after which all the hype, the publicity will drive the markets to new heights by the end of the year. Just my 2 cents :)
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