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BTC longer term reversal. Two setups I am taking.
Bitcoin has formed a strong base around 6,500 again and it seems it wants to retest its longer term 100 day moving average, or even poke above it again. The first target is there around 8900, the second around 11000.
When Bitcoin hits $50,000 the market cap will be approximately 1% of all global fiat currency (bank accounts, cash in brokerage accounts, money markets, basically anything that is liquid cash is included in this data).
When Bitcoin hits $50,000 the market cap will be approximately 1% of all global fiat currency (bank accounts, cash in brokerage accounts, money markets, basically anything that is liquid cash is included in this data).
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