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BTC lows analysis

Long
COINBASE:BTCUSD   Bitcoin
  • 2017/2018 Crash resulted in a drop of 84% dropping to low of $3110 -> Today's equivalent would be to $10.7k
  • 2020 COVID Crash resulted in a drop of 64% dropping to low of $3840 -> Today's equivalent would be $23.9k
  • SUPPLY ZONE is overhead supply or people possibly awaiting to drop their shares to "get out" or true autist crypto hodlers -> Possibly difficult to break through 50k with progress towards reaching ATHs with a hold in $44.4k levels.

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