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$BTC Potential Bottom

SourceBlog
#1
Despite the fear floating around the crypto industry at the moment due to last week’s severe correction, Polar Hunt recently shared the below analysis.

The analysis, which attempts to compare the price action between the market structure in 2014-2016 to the market structure, suggests that Bitcoin is currently “holding up nicely” against the previous market cycle.

BTC following the previous market cycle to T, per Polar Hunt’s charts, will mean the asset surging to $18,000 — a gain of over 100% from the current price of $8,550 — by the time of the block reward reduction in May 2020.

@TradeCryptoNow
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