Here's What Can Have An 'Explosive Effect' on the Bitcoin Market

in hive-116221 •  4 years ago 

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For some time now, bitcoin has been trading in a range, seeing sideways consolidation over the past week.

According to trader DonAlt, bitcoin can trade sideways between $5k to $20k for the next five to ten years, just like gold did for the seven years after hitting the peak in 2011. Bitcoin has already been ranging for more than the past two years.


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