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BTC: Just a consolidation or a trend reversal ?

BITSTAMP:BTCEUR   Bitcoin / Euro
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Taking a step back and looking at the whole of 2017, we see that BTC             has alternated bullish runs of ~30 days with consolidation runs of ~50 days retracing up to 40% to the previous long term ATH             . This means that a consolidation down to 10,000€ would remain similar to the range observed in previous cycles this year and would not necessarily mark a trend reversal.
Thx for your observations.
Balas
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