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So, with that being said, now we start to focus on the overall economy, wether it is strengthening or weakening, whether or not the Fed Reserve might be cutting, and a whole host of other things. Now, I do think that a Bitcoin or, for that matter, crypto winner, but especially Bitcoin, will be a lot different than it’s been in the past, mainly due to the fact that there’s an ETF out there that institutions are now involved in.
At this point, we’re at a previous support level, it is offering resistance, and now we’re just waiting to see what happens next. I suspect once we break out of the range between these two moving averages, we might have a little bit more clarity as to which direction we go. To the upside, we could go to $100,000, followed by $110,000. On the downside, we could be looking at $75,000 if we break in that direction.
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