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BTC
Not much happening, but a much more interesting chart right now is this
Bitcoin Short positions. Last time we were anywhere these levels we went from $6700 to almost $10k in a matter of weeks. Could this repeat? Everything is very well aligned with $6000 BTC as the bottom. Mining contracts are being terminated on Genesis Mining because they cant afford it anymore. All trendlines support 6000, it's a triple bottom, shorts are way overpositioned. Unfortunately it does not quite comfort me to believing we will go up. I think there is so much manipulation as well as weak hands that it is possible to drive this thing further down. But I am undecided right now. I'm 50/50 at this point. There is not much charts can tell us right now other than it is looking very good chartwise. Fundamentally I think it's up to the whales.
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