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When I last covered Bitcoin (BTC-USD) in early July, I made the argument that bearish Bitcoin had become a one-sided trade. While Bitcoin is lower now than it was at the time of that article, bulls did get a relief rally that took the coin from $21k at time of writing to $25k within a few weeks. Sentiment is once again bearish, this time though I don’t see the same contrarian opportunity. This article will instead focus on the technical drawbacks of Bitcoin,…
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