Market Commentary (BTC):
275 $ is looking pretty darn good right now. We mentioned yesterday in the price alert that a whale had deposited 30K+ BTC on to Bitstamp to dump. We thought this might drive prices back down to the 275 $ area, however the massive supply liquidity quickly attracted demand liquidity at 300 $ and it was eaten in about 6 hours. Pretty amazing stuff. This is what we want to see to begin to consider a true bullish reversal and however things are looking up for the first time in months.
Now, lets get to the good stuff…!
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