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Black Thursday Doesn't Scare Bitcoin, Trend Holds
Summary by The Cryptonomist
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1 Articles
The abrupt retracing that occurred yesterday in the "Giovedì Nero" of the traditional exchanges has generated panic between the retail traders, but the analysis of the macro structure and the data on-chain confirms that the medium period trend of Bitcoin remains intact. The contraction instead appears only as a physiological reset of the leverage effect rather than a structural reversal of [...]
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