Bitcoin

Bitcoin walking up the channel

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For now all is quiet as we validate this upward channel. The low targets of 43 are still there. In the near term, buyers are out there. It will take a very strong move to spark any significant movement either up or down.

News like 'big whale bought 10mil in Bitcoin' and yes for us that sounds like a lot of money, but for the whale that just keeps the price elevated. There are many more big whales waiting for a better entry, which may come or else may occur when FOMO sets in.

My opinion is that anything above 40k and the HODLs keeping HODLing. Could we see a shakeout closer to US tax day? I wouldn't doubt that either.

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