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RE: Bitcoin (BTC) Price Update: Failed Breaking $8,000? More Consolidation?
Just another bull trap. BTC goes down, then goes back up by 1k and reverses... there's a ton of consolidation around news of China and US. This will probably continue for the next 2-3 months unless the news out of either country changes.
I'm afraid so to. All I hear on the social media people are expecting bitcoin to crash to $4,000 then magically shoot up to $50,000. But I agree with your opinion, we might consolidate for months before any big moves.