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RE: Why The Next Bitcoin Crash Could Be Moments Away
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@edicted
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https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
Bold call...
On the rainbow chart, we are three standard deviations away from where the price was during the 2018 crash, but you cite the 2018 crash as a relevant example for where we are now. I think you underestimate the current level of buying pressure and have been ignoring the massive volume as of late. Bitcoin can't flash crash 50% when it's already sitting on bedrock.
So many coins just got dumped on the market in the last week and absolutely nothing happened. It should have crashed already, but it didn't even budge. We got some nice resistance lines ready to bat the price down very soon if I'm wrong though. Won't be long now.
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