Decisive moment in the mid term. As I say in the title, if 9600-9700 is rejected back, then the only alternative is to go down. Strongly.
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Is the alleged rejection happening right now? Be careful. The reversed H&S was rejected several times and this selloff could go down to 7000 USD. Remember March.
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Miners still hold more than 15000 BTC accumulated during the past weeks, ready to be sold. Some of them sold at $6700. Will they do it? The last one is a rotten egg.