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RE: They say a picture is worth a thousand words...
Momentum flows in and out of BTC, from different locations.
3 steps forward and 1 step back as rumors and innuendo create small speculative bubbles and then the opposite.
BTC may go to $7K in 2017; but it will trade back at $4K before it trades at $10K.
If you have dry powder, don't buy now and hope to avoid the falling knife.
Wait until the next wave hits a peak, then takes a drop, and then use some of your powder.