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BTC needs to bounce of previous ATH

BITFINEX:BTCUSD   Bitcoin
Through out the year BTC was making new highs after rebounding from previous All Time Highs.
Rebounding from previous ATH is a very bullish signal, which means that there is high demand for BTC at those prices.

BTC would need to bounce of previous ATH of 4950 for the bull run to continue. Failing to do so will signal a bear market.

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