Buy the Rumor, Sell the News?

October 18, 2021

Just like that, Bitcoin hit our upside objective.

Now, patience is warranted as demand begins to absorb the looming supply around these levels.

It'd be prudent to raise cash and take some profits off the table while Bitcoin is below 65,000. Below there, the downside risks remain elevated for now.

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Buy the Rumor, Sell the News?

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