Bitcoin price analysis

Every bitcoin sold at the moment is a trader consolidating the current $1250+ price position. In an ideal world we would have a slow decrease in value prior to the ETF decision, and a big redistribution of bitcoin away from people who bought at a much lower price(and are thus happy to sell them in a dropping market) to people who are more likely to hold if it falls and reduce the downwards volatility that has been present in the last couple of months.

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