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Thesis Summary
Bitcoin (BTC-USD) briefly slipped below $20,000, following what many took as bearish remarks by Jerome Powell at Jackson Hole on Friday. The broader crypto market also experienced weakness throughout the weekend but has since recovered well.
It seems to me like the current outlook and expectations are very bearish, which seems like a bullish indicator. The more people expect things to get worse, the more likely we get a bullish surprise.
Bitcoin is trading near…
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