Bear Market Rally to $7.7k

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BTC is following a fairly consistent pattern of less volatile highs and lows as we descend downwards.While I am not making any predictions on when this pattern will be disrupted, this is what I shall follow until it is. I predict a high of about 7.7k for this current rally.
Note
In the last 24 hours we have seen BTC blast through the 50 day MA. Over the next month the 200 day MA will continue to drop rapidly. Good signs for bulls.
Trend Analysis

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