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The price of Bitcoin is getting fairly over-extended in the short-term. In this video we take a look at just how far over-extended the price of Bitcoin is in reference to logarithmic regression analysis and the 20 week MA. Of course we cannot identify exactly when the peak will occur, but let’s take a pragmatic approach and look to see how this current move stacks up against prior moves in the price of Bitcoin. Let me know what you think of this analysis on the price of Bitcoin in the comments below!
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