this could very well be in play. it respected this trendline today.
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a push back up to 68+ here would rekt a lotta leveraged bears and that would make the exchanges richer. so def an option if we dont see significant follow thru down out of this range tomorrow.
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it'll be fascinating to see how the rest of this week plays out.
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will it pump to 61 by the weekly close?
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slowly creeping up...
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a scenario where we double bottom in the next week or two to 50 again and then up is also very possible.
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what will the weekly close later today show us about the price of btc?
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pretty grim. looking to test the bottom of the pennant yet again.
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