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Bitcoin bull continuation

BNC:BLX   Bitcoin Liquid Index
Bitcoin has started its bull market in a very strong and steady manner, very different from the 2015 cycle. At first, this run-up seemed like a short squeeze but after looking at the on-chain volumes (provided by will woo), it seems that this leg up is actually back by legitimate buying.

If it is the case that we have started the bull run, the most probable scenario is the test of the 128ma which would mean a 40% correction from current prices.

ATH might come in even before the halvening in May 2020.
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