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Bitcoin, local maximum or new BULL MARKET ?

BITFINEX:BTCUSD   Bitcoin
The main question that is in cryptocurrency market: this is X in bear market or 1 in new bull market? From my point of view the first variant is more possible because there was too short range in bottom of the market and long-term wave analyze points out that market is in Y now in subsequence X(ABC) Y (ABC) Z (ABC).
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