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Slow bleed until end of the year, aligns with hash ribbons

KRAKEN:BTCUSD   Bitcoin
This is how is going to play out until the end of the year for various reasons:

  • Volume is decreasing
  • Regulations
  • Stablecoins like Tether are under scrutiny
  • Mining moving away from China
  • CME gap at 18K

Once the hashrate is back to previous levels and all the previous points are resolved, it'll hit new ATH.

Chill and be prepared to stack.

Edit: Check my previous published idea from a year ago.
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