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Bitcoin uptrend intact so far

BITSTAMP:BTCUSD   Bitcoin / Dolar
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Some people have called the $20,000 level for bitcoin             as the peak. There has certainly been a retracement but so far the uptrend indicated by the 50sma is intact. Every time price has come down, the 50sma has acted as support.
Could it be Three rising Valleys off that EMA50 ??
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