adipocere
Long

BTC Weekly chart analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It looks really bullish to me. We've already bottomed out and reversed in June. An unlikely breakdown to 4800 would be a flashcrash caused by a whale that would instantly reverse; the crypto space is evolving and strengthening and all the panic selling is over. I think we will start seeing significant and irreversible upward momentum in early November once the SEC green-lights Bakkt (and they will).

(This is just my opinion. I'm not a financial advisor.)

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