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Nonetheless, this is a market that I think will be very noisy, but I think sooner or later, around the $75,000 level, we will have found that the market was, in fact, forming a little bit of a base. The run higher after the Trump election has pretty much been wiped out, which does make a certain amount of sense considering that the United States recently announced a crypto reserve strategy, but unfortunately, it was going to use seized Bitcoin, not newly purchased Bitcoin.<\/p>\n
So that obviously won\u2019t affect the price in general. That being said, when you look at the charts longer term, we are still very much in an uptrend. It\u2019s been a pretty disastrous move over the last month or so. But at the same time, a lot of long term investors use this as an opportunity to buy more.<\/p>\n