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Bitcoin price rally to continue?

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What an impressive day for Bitcoin! The price broke through the mental barrier at $30k and instantaneously rallied to $33k before seeing a small pullback. With the price of Bitcoin seemingly only wanting to go up, we should take a minute to pause and consider where we are in the grand scheme of what a textbook bubble may ultimately look like. Predicting the exact top is not a feasible task, but taking profits can be a way to guarantee a return in the event of a stronger correction. In this video we discuss various levels of over-valuation and show we are as extended as we were in 2019 based on our logarithmic regression analysis.

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6 Comments

  1. Every Bitcoin investor right now is just smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good returns of investments. More persons are gonna become millionaires and we have bitcoin to thank for that

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