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Now lets just hope that bottom channel doesn't break otherwise it might need some more time to consolidate.

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Downward breaks tend not to be consolidation but oh shit moments. LOL

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I think it's fine since there is still a decent amount of support underneath. At most it will only shake out those weak hands.

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That is true. We are not about to see the mega companies, selling. Grayscale just added another $1 billion to their coffers, something that is not about to hit the open market anytime soon.

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