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We would expect Bitcoin to stagnate some more before resuming the move down. This is our best bet at the moment. $200 (dashed red line) might be the level to observe as far as the next move to the downside is concerned.
Summing up, we think speculative short positions might be the way to go.
Summing up, we think speculative short positions might be the way to go.
ouch, reamed.