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[quote][i]Originally posted by SetH[/i] well since the drop of death on March 13th BTC has made a 122% gain :lol: Now trading at $8300 I am in a long position now as 8k is a key level for BTC and if it closes above this position on the weekly close it could be a trend reversal. There is the halvening event coming up in less than 2 weeks. This is where the mining reward for BTC is cut in half. Effectively a 'deflation' event. This has only happened twice in the history of BTC and usually results in a small dump followed by a huge bull run. However in these uncertain times anything could happen. My thoughts are is that is is being manipulated by new wall street investors with a view to an Exit pump. I will ride the price action for now although with caution as the whales may take advantage of all the halvening hype pump it up and then dump it. Long term though on the back of this recovery it is looking positive for BTC. Until the new world order government steps in and bans decentralised crypto in favour of their 'centralised digital dollar'. :0 [/quote]
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