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Bitcoin long term

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BITSTAMP:BTCUSD   Bitcoin
Bitcoin longterm view. Bitcoin app crucial monthly stage. Looking at previous monthly close we must break this section in order to continue bull.

Monthly open and close above 13800 to 14000 should secure bull run back to all time high. As we can see fib extension sends all time high readings. Following price action and monthly close you should see where price will go overall movement is bullish.

Trading of fundamentals bitcoin is gaining more support from sectors and with failing economies bitcoin can be seen as a safe haven.

The point in bitcoin is to have a value that is not controlled by any government or inflation and will not fail under economic data which gives bitcoin its perfect ground to bull run. This is what bitcoin was developed for.

We must break monthly close here!

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