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Long

Bitcoin Repeating History?

BITFINEX:BTCUSD   Bitcoin / Dollar
93 0 4
There looks to be a lot in common with the current bitcoin price action compared to that in May 2014. With 18k BTC swaps loaned on Bitfinex, a push above $300 will also be fuelled by margin calls of shorts opened in the $210 to $240 consolidation range, which could result in a spike to the 1.618 extension at around $400.
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