BTC's bottom is likely around $5.5K

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC broke it's long-term trend at $8.5k, (giving those who followed my last call and bought at $8k the chance to exit with profit during the 20% bounce). I don't believe this is a double bounce, so I'm expecting a bottom around the next level of support between $5k and $6k as the mainstream that boosted BTC 300% from $5k start to cover their positions.
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