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Gerbus
Dec 22, 2017 5:16 AM

May 2017 pattern repeat: breakout to support Long

Bitcoin / U.S. dollarBitstamp

Description

13K feels like a false bottom. More likely support at $11,750 or $11,350. My guess is finding support in the next couple days, and again around Jan 9-14 or Feb 12. If the pattern follows the May 2017 breakout, assuming we're in an adoption curve (which is very possibly IMHO, following the CME Bitcoin Futures release), new highs again on Feb 3 (40k) or Apr 9 (100k) respectively are possible.

HODL, people.

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