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RE: Daily: Bitcoin shoots past $11000, will there be a pull back?

in #bitcoin6 years ago (edited)

The correction might happen soon & I see the mempool & fees are increasing the past few hours. The media coverage about passing USD10K will lead to less knowledgeable money entering the market, bursting the bubble.

Then again, it's the end of the year & some traders want to meet their return targets for the year, not to mention some people want to earn some extra cash before the holidays. Plus, the CME will launch the bitcoin investment instruments within the next few days.

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