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The only thing sillier than technical analysis is using technical analysis on make-believe money. Looking for a pattern is human nature. Your “sample size” of 3 is by no means indicative of anything. “Historical precedence” - they teach you to never use these words when working in finance. Bitcoin going to $5k is absolutely in play this year when the scammy house of cards that is Tether finally collapses.


If/when Tether goes down, I would be surprised if Bitcoin stays above $1k.




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